Standard Chartered: Bitcoin is a tool to hedge against tariff risk in the context of US isolationism, with 76,500 dollar as a key support level
2025-04-07 11:08:40
Standard Chartered said bitcoin could benefit from a rise in tariff risk as signs of "U.S. isolationism" begin to affect market sentiment, and Geoffrey Kendrick, its global head of digital asset research, said U.S. isolationism, similar to the increased risk of holding fiat currencies, will ultimately benefit bitcoin, currently at $76,500, a key support level. The recent cryptocurrency sell-off may subside, and bitcoin could return to around $84,000 unless there is a broader risk-off move in traditional markets.
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