Standard Chartered: Concerns about the Federal Reserve's independence may drive BTC to a new all-time high

2025-04-22 22:26:50

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ChainCatcher news, according to Walter Bloomberg, Jeff Kendrick from Standard Chartered stated in a report that if concerns about the independence of the Federal Reserve persist, Bitcoin could reach an all-time high.

He mentioned that due to its decentralized ledger, this cryptocurrency can hedge against the risks of the existing financial system. This risk is currently manifesting through the risks faced by U.S. Treasury bonds after President Trump hinted at possibly dismissing Federal Reserve Chairman Jerome Powell due to his willingness to cut interest rates.

Kendrick noted that the yield premium for investors demanding to buy long-term Treasury bonds relative to short-term bonds has significantly increased, which is favorable for Bitcoin. Standard Chartered expects that by the end of 2025, the price of Bitcoin will rise to $200,000.

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