Ah, greetings, my dearest denizen of the crypto-savanna—a veritable watering hole for the financially adventurous!
Pull up a chair and pour yourself a cup of the good stuff (caffeine highly recommended), for the soothsayers of finance are abuzz once more. Bitcoin, the digital duke of derring-do, is making institutional investors swoon and flutter their fans. Gold, meanwhile, is feeling a trifle obsolete, a bit like a monocle at a rave. ☕💰
Bitcoin Eyes $120,000—The Standard Chartered Oracle Speaks
Fresh off the presses of US Crypto News, rumors—nay, whispers of destiny—suggest Bitcoin still jiggles along towards the mystical $120,000. Our hero has already hurdled past the $94,000 resistance like a champion greyhound with something to prove, and now it’s facing the next formidable foe at $95,765. Should Bitcoin vault this with a flourish, it may well ascend another 20% up to $102,239. One almost expects it to grow a cape at this point. 🎩🪙
And why the optimism, I hear you chirp? Well, as global trade tiffs trigger capital stampedes and market jitters, Bitcoin is positioning itself as the fall-back option for the bold—and anyone who still thinks Dogecoin is just a spelling mistake. The dollar is suddenly a tad passé for those with a taste for the modern. 💸🌍
To get the inside scoop (and aren’t we all just here for the good gossip?), Standard Chartered piped up. It reckons the next Bitcoin rally will look a lot like the burst of fireworks post-US election—a sight to behold and, presumably, lucrative for anyone who didn’t lose their keys.
Standard Chartered’s head crypto wiseacre, one Geoff Kendrick, expects another stampede as Bitcoin relives its post-election glory days, with dreams of $120K by the end of Q2. And that’s not all—the crystal ball is flashing visions of $200K by year’s end! Someone call the Guinness Book, just in case. 🍾
In December, Bitcoin broke hearts and records at $103,713. The gold ETF crowd shed a tear, while Bitcoiners bought more merch.
Kendrick, waving his ETF flow chart like a magic wand, observed that Bitcoin ETFs are soaking up more investor affection than gold ETPs—by a country mile. “I haven’t seen this much excitement since my Aunt Agatha thought she’d won the lottery and it turned out to be a coupon for free soup,” he probably didn’t say, but he could have.
“The last time the gap between Bitcoin and gold ETF flows was this wide was during the week of the US election,” said Kendrick, possibly while adjusting a monocle he doesn’t own.
Bitcoin, according to Kendrick, is now muscling in on gold’s territory as the world’s leading hedging option—and all without the risk of dropping a gold bar on your toes. Take that, TradFi! Bitcoin is the hedge of both the future and your eccentric uncle’s dinnertime conversations. 🥇🤖
So yes, with Standard Chartered bullish as a spring lamb, the $120K prophecy stands. And if you believe Geoff has done his sums right, brace for $200K by the holiday season and $500K by 2028, right around the next royal wedding or whatever else makes polite society lose its head.
“I look for a fresh all-time high of $120,000 in Q2, then onto my $200,000 end-year forecast,” quoth Kendrick, in the measured tones of a man who once bet the farm and won a parking ticket.
Chart of the Day
Today’s pictorial delight: behold the clash! Bitcoin ETF inflows have left gold ETFs looking forlorn, like a debutante whose dance card is perpetually blank. Volatility? Investor interest? All aboard the Bitcoin express, with gold barely clinging to the caboose.
Crypto Equities Pre-Market: The Ticker Tape Waltz
| Company | At the Close of April 28 | Pre-Market Overview |
| Strategy (MSTR) | $369.25 | $370.47 (+0.33%) |
| Coinbase Global (COIN) | $205.27 | $206.79 (+0.74%) |
| Galaxy Digital Holdings (GLXY.TO) | $21.21 | $21.81 (+2.81%) |
| MARA Holdings (MARA) | $14.01 | $14.04 (+0.21%) |
| Riot Platforms (RIOT) | $7.63 | $7.66 (+0.39%) |
| Core Scientific (CORZ) | $8.24 | $8.34 (+1.21%) |
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2025-04-29 13:27