Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered

Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered


Bitcoin (BTC) is poised to hit a new record high, with investment flows now the dominant market driver, according to Standard Chartered (STAN).

U.S. spot bitcoin exchange-traded funds (ETFs) have seen $5.3 billion in inflows over the past three weeks, the investment bank said in emailed comments Thursday.

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Adjusting for hedge fund basis trades, net real flow is estimated at over $4 billion, the bank

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