Geoffrey Kendrick, head of digital assets research at Standard Chartered, has predicted a strong market rally for Bitcoin (BTC). In a new report, he said leading crypto assets could reach $120,000 by the second quarter of 2025. Kendrick revealed that shifts in investment strategies will drive this price rally. He highlighted several factors pushing Bitcoin’s price upward. Analyst Says Investors Are Moving Away from U.S. Assets In a detailed analysis, Kendrick highlighted the shift in the behavior of U.S.-based investors. He said many U.S. investors are putting less money into local assets and looking for options in other markets. Notably, Bitcoin is one of the main choices they are turning to. One important indicator reflecting this trend is the U.S. Treasury term premium. The premium is now at its highest level in 12 years and moves closely with Bitcoin’s price. The way investors trade at different times of the day also shows that U.S. investors are buying more Bitcoin. This trend grew stronger after President Donald Trump announced a new tariff policy earlier this month. After the announcement, Bitcoin’s price jumped while tech stocks dropped sharply. Investors now see Bitcoin as a safer option during uncertain times. BTC Whales Are Helping the Price Rise Standard Chartered analysts explained that large BTC holders, known as “whales,” are also helping push the asset’s price higher. These whales own more than 1,000 Bitcoins each. Recently, they have been buying more Bitcoin, showing they trust in its future growth. Kendrick noted that whales buy during market drops and rebounds. This includes major events like the collapse of Silicon Valley Bank, the approval of Bitcoin exchange-traded funds (ETFs), and even President Trump’s election win in November 2024. Their steady buying suggests Bitcoin’s price could keep going up. Kendrick also said another factor driving Bitcoin’s price is the growing interest from large institutions. He believes the upcoming U.S. ETFs filing will soon reveal that pension and sovereign wealth funds are increasing their Bitcoin holdings. In addition, Kendrick mentioned that new U.S. stablecoin laws could also make Bitcoin look even more trustworthy, bringing in more institutional investment. Bitcoin vs. Gold: A New Safe Haven Gold has always been considered a safe asset to invest in during economic uncertainty. However, things are changing as Bitcoin is becoming a more potent option . Kendrick revealed that funds are moving from gold ETFs into Bitcoin ETFs. This shows a growing belief in Bitcoin’s ability to protect investors during market downturns. Unlike gold, Bitcoin’s decentralized system gives it a unique advantage when the financial world is unstable. The post Standard Chartered Analyst Says Bitcoin Could Hit $120,000 by Q2 2025 appeared first on TheCoinrise.com .