The major cryptocurrency Bitcoin continues to recover after the decline experienced. At this point, BTC has risen above $90,000 for the first time since March 7th, but Standard Chartered has announced its expectations for BTC.
The giant bank has given investors good news about ATH, but says Bitcoin can reach its all-time high due to concerns about the Fed’s independence.
Geoff Kendrick, head of Digital Assets Research at Standard Chartered, said Bitcoin could gather towards its all-time high if concerns about the Fed’s independence persist.
Bitcoin’s decentralized nature provides a hedge against systemic financial risks, including political interference, such as President Trump’s proposal to fire Federal Reserve Chairman Jerome Powell.
Kendrick also said investors are demanding higher yields to hold US government long-term bonds compared to short-term bonds.
Standard Chartered officials said he is maintaining his year-end targets for 2025 and that he expects Bitcoin to rise to $200,000 by the end of 2025 if these financial uncertainties continue.
*This is not investment advice.
