Bitcoin Eyes Further Gains Amid Record Highs and Investor Demand

Bitcoin Eyes Further Gains Amid Record Highs and Investor Demand

Bitcoin (BTC) is on the rise again after recently hitting an all-time intraday high of $111,862, currently trading around $110,768, up 2.3% on the day, according to Tredu data.

In a note from Standard Chartered, analyst Geoff Kendrick wrote that Bitcoin's bullish momentum is being driven by a persistently elevated U.S. Treasury term premium—an indicator that investors are growing uneasy about holding long-dated bonds. This nervousness is seen to benefit Bitcoin, given its inverse relationship with the term premium.

Additionally, inflows into U.S.-based spot Bitcoin exchange-traded funds (ETFs) are accelerating, and recent data points to increased strategic accumulation of Bitcoin by institutional investors. Notably, some governments are also reportedly increasing exposure to Bitcoin proxies.

Meanwhile, U.S. lawmakers have introduced new legislation aimed at regulating stablecoins, signaling a maturing policy framework for digital assets.

Standard Chartered maintains a highly bullish outlook, projecting Bitcoin to hit $120,000 by the end of Q2 2025, rise to $200,000 by year-end, and potentially reach $500,000 by the end of 2028.