Standard Chartered Bank: Concerns Over Fed's Independence Could Push BTC to All-Time Highs

According to Walter Bloomberg, Jeff Kendrick from Standard Chartered Bank stated in a report that if concerns about the Fed's independence persist, Bitcoin might reach an all-time high.

He mentioned that due to its decentralized ledger, this cryptocurrency can hedge against risks in the current financial system. This risk is currently being manifested by the risk facing U.S. Treasuries after President Trump suggested he might remove Fed Chair Jerome Powell due to his willingness to cut interest rates.

Kendrick noted that the premium that investors demand for buying long-term Treasuries over short-term ones has increased significantly, which is favorable for Bitcoin. Standard Chartered Bank expects Bitcoin's price to rise to $200,000 by the end of 2025.