*Walter Bloomberg
*Walter Bloomberg|May 08, 2025 13:02
BITCOIN COULD HIT NEW ALL-TIME HIGHS THIS QUARTER Bitcoin may soon hit new all-time highs as investment surges, says Standard Chartered's Geoff Kendrick. Spot Bitcoin ETFs saw 5.3B in inflows over the past three weeks. Strategy (formerly MicroStrategy) has boosted its Bitcoin purchases, with the Swiss National Bank now buying its shares. Abu Dhabi’s wealth fund and other long-term investors are also increasing holdings. StanChart forecasts Bitcoin to reach 120K by Q2. It’s currently up 2.7% at 99,379, after hitting a three-month high of 99,874.
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