PANews May 22 news, according to *Walter Bloomberg, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that Bitcoin may continue to climb after hitting a record high. Higher U.S. Treasury term premiums are driving Bitcoin up, and Bitcoin price movements tend to converge with it. Funds flowing into U.S. spot Bitcoin exchange-traded funds (ETFs) are increasing, and institutional and government interest in Bitcoin is also growing. A new U.S. stablecoin regulatory bill also provides support for the market. Standard Chartered Bank expects Bitcoin to reach $120,000 by the end of the second quarter, $200,000 by the end of 2025, and $500,000 by 2028.