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Standard Chartered Doubles Down: Bitcoin Primed for $120K Surge
Standard Chartered Doubles Down: Bitcoin Primed for $120K Surge
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Wall Street’s latest crypto flip-flop sees Standard Chartered pounding the table on Bitcoin—just months after their ’crypto winter’ doomcasting. The bank’s analysts now project a 2025 price target that’d make even goldbugs sweat.
Timing the market? Good luck. But when a $700B institution does a 180-degree pivot, it’s worth noting. Their bullish case hinges on ETF inflows, halving mechanics, and that old standby—institutional FOMO.
Meanwhile, traditional finance clings to its 60/40 portfolio like a security blanket. How quaint.
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