Standard Chartered: Concerns about Federal Reserve independence could push bitcoin to all-time highs
2025-04-22 14:32:58
On April 22nd, Jeff Kendrick, an analyst at Standard Chartered, said that if concerns about the independence of the Federal Reserve persist, bitcoin could rise to an all-time high. He said that cryptocurrencies are a hedge against the risks of the existing financial system due to their decentralized ledger. This is reflected in the risk of US Treasuries after Trump hinted that he may oust Federal Reserve Chairperson Jerome Powell because of his desire to cut interest rates. Kendrick said that the yield premium that investors buy long-term bonds relative to short-term bonds has risen sharply, which has benefited bitcoin. According to LSEG data, bitcoin rose to a six-week high of $90,459. < b > Standard Chartered expects the price of Bitcoin to rise to $200,000 by the end of 2025.
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