According to a report from The Block on April 28, Geoffrey Kendrick, the global digital asset research director at Standard Chartered Bank, stated in a recent report that Bitcoin is expected to reach a new historical high of about $120,000 in the second quarter of 2025, while maintaining its target price of $200,000 by the end of 2025. Kendrick believes it is the right time to buy Bitcoin, with multiple indicators supporting the price rise, including the trend of U.S. investors seeking non-U.S. assets, the continued accumulation by "Whale" investors, and the shift of ETF funds from gold to Bitcoin as a safe haven. He emphasized that Bitcoin, due to its decentralization characteristics, is more effective than gold in hedging risks in the current financial system.

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