Standard Chartered Apologizes for $120k Bitcoin Target: Says It 'May Be Too Low'
With the leading cryptocurrency eyeing a return to the $100,000 level, one Standard Chartered analyst has apologized for his $120k Bitcoin target, as he says that value “may be too low.” Indeed, the bank’s head of digital assets, Geoffrey Kendrick, had projected the asset to reach a new all-time high as early as Q2. Now, Kendrick has noted that the expectation may actually be underselling what the token is capable of. On Thursday, he noted that the $120,000 milestone looked to be “very achievable.” Yet, amid its recent performance, it may be set to outdo that target price. JUST IN: Standard Chartered Bank analyst apologizes for $120,000 Bitcoin price prediction, says target 'may be too low.' pic.twitter.com/JLcDOPjsK8 — Watcher.Guru (@WatcherGuru) May 8, 2025 Also Read: Bernstein Predicts The Future Of Bitcoin (BTC) And Its Corporate Deployment Standard Chartered Calls Previous $120,000 Bitcoin Target ‘Too Low’ Amid Recent Surge It has been an i...