KEY POINTS
- $BTC may hit $120,000 this quarter and trade as high as $200,000 by the end of 2025: Kendrick
- US investors are reallocating their assets, including reallocations from gold to Bitcoin, he said
- Bitcoin plunged below $75,000 earlier this month, but has since recovered above $90,000
Bitcoin is on track to hit new all-time highs this year and potentially this quarter as investors continue to pull their money out of U.S. assets and reallocate them to the world's largest cryptocurrency by market cap, an analyst with multinational bank Standard Chartered said in a note Monday.
