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Standard Chartered analyst Geoff Kendrick has previously said he expects bitcoin prices to exceed $500,000 by the time Donald Trump leaves office. He said in a report Tuesday morning that the forecast remains valid, looking back at BTC's weak short-term price action, supported by a recent series of 13F filings on institutional ownership of spot bitcoin ETFs. Kendrick said the buyer type has evolved from retail investors to hedge funds, and now...
Geoffrey Kendrick, head of global digital asset research at Standard Chartered, said in a recent note that bitcoin has been down for five consecutive weekends, but that trend is expected to shift this weekend. A slight rally this weekend could trigger ETF inflows on Monday, pushing the price back to $100,000 and then to $102,500. In recent weekends, New York...
Geoff Yu, EMEA market strategist at Bank of New York, said that the Federal Reserve's federal funds rate is expected to remain unchanged this week, and the market may pay more attention to the Federal Open Market Committee's initial impression of the Trump administration. He said that this will certainly be a central issue at the press conference of Federal Reserve Chairperson Jerome Powell. He said that Bank of New York believes that the macroeconomic outlook is little changed compared to Decem...
Geoff Kendrick, global head of digital asset research at Standard Chartered, said inflows from institutional investors could drive up the price of bitcoin and ethereum, which are expected to reach $200,000 and $10,000, respectively, by the end of 2025. He expects institutional inflows into bitcoin in 2025 to exceed 2024 levels, with new money likely to come from long-term investment funds such as pension funds. At the same time, he pointed out that institutional inflows could dampen the strength...
