Happy Monday!

Bitcoin could hit $120,000 this quarter, according to Standard Chartered’s Geoff Kendrick. What will drive this surge?

Strategy has bought over 15,000 new Bitcoin to add to its growing stack. How much does Michael Saylor’s company hold at this point?

Plus, the Infrastructure Capital Bond Income ETF (NYSEARCA: BNDS) offers a flexible, actively managed alternative—targeting undervalued corporate bonds and layering in options strategies to enhance yield.

TOP STORY

Bitcoin Could Hit $120,000 In Q2, Says Standard Chartered’s Geoff Kendrick

Bitcoin could surge to a new all-time high of $120,000 in the second quarter, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered.

In a note sent to Benzinga, Kendrick highlighted that strategic reallocation away from U.S. assets, combined with growing institutional demand, is likely to propel Bitcoin higher in the coming weeks.

Kendrick wrote in the note that, “we expect these supportive factors to push BTC to a fresh all-time high around $120,000 in Q2.”

Kendrick pointed to several factors underpinning his bullish outlook.

Which ones?

Read the full scoop here.

SPONSORED CONTENT

Delivering A Flexible Bond Strategy Ahead Of The Lower-Rate Paradigm

As markets prepare for an anticipated shift toward lower interest rates, traditional fixed-income strategies may leave investors underwhelmed. The Infrastructure Capital Bond Income ETF (NYSEARCA: BNDS) offers a flexible, actively managed alternative—targeting undervalued corporate bonds and layering in options strategies to enhance yield. With a 30-day SEC yield of 7.12% and the ability to adapt across credit cycles, BNDS aims to deliver meaningful income without forcing investors into high-risk corners of the bond market. Backed by Infrastructure Capital’s proven income-focused philosophy, BNDS may offer a more thoughtful path forward. Learn more about the fund by clicking here.

This is a paid ad. Please see 17b disclosure here for more information.

QUICK N DIRTY

XRP is the top altcoin bet, according to the latest 10x Research. What makes the altcoin so attractive?

Bitcoin is on the verge of a supply squeeze that will drive it to new all-time highs. Just how high can it go?

Dogecoin isn’t the most likely memecoin to go on a crazy run in 2025, according to a prominent analyst. Which memecoin does he prefer?

FINTECH FOCUS

Strategy Buys 15,355 Bitcoin For $1.42 Billion, Year-To-Date BTC Yield Hits 13.7%

Strategy Incorporated announced it has acquired an additional 15,355 Bitcoin for approximately $1.42 billion between April 21 and April 27.

The company paid an average price of $92,737 per Bitcoin during the purchase period.

As of April 27, Strategy now holds a total of 553,555 BTC, purchased for an aggregate cost of $37.90 billion at an average price of $68,459 per Bitcoin.

What are Strategy’s next plans?

Read the full scoop here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.

Disclaimer: This communication from Benzinga is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of Benzinga. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. Investors should consider their investment objectives and risks before investing. Benzinga is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.