$120,000 BTC?

Standard Chartered expects BTC to hit an ATH of around $120K in Q2, driven by capital outflows from US assets and recommends “buy now.”

Standard Chartered cites several factors supporting Bitcoin’s bullish trend:

• The term premium on US Treasury bonds (the additional interest rate investors demand to hold long-term bonds) is at a 12-year high, indicating increased volatility and driving money into alternative assets like Bitcoin
• Trading hourly analysis shows US investors are shifting capital to offshore assets
• Accumulation from “whales” remains strong
• ETF flows show investors are shifting from gold to Bitcoin