The leading cryptocurrency Bitcoin continues to recover after the declines it has experienced. At this point, BTC rose above $ 90,000 for the first time since March 7, while Standard Chartered announced its BTC expectations.
The giant bank gave investors the good news of ATH, while stating that Bitcoin could reach a new all-time high due to concerns about the independence of the FED.
Geoff Kendrick, head of digital assets research at Standard Chartered, said Bitcoin could rally toward a new all-time high if concerns over 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 Chair Jerome Powell, Kendrick said.
Kendrick also noted that investors are demanding higher yields for holding long-term U.S. government bonds compared to short-term ones, which he said has benefited Bitcoin.
The Standard Chartered official stated that he maintained his 2025 year-end target and said that if these financial uncertainties continue, he expects Bitcoin to rise to $200,000 by the end of 2025.
*This is not investment advice.
