Exploring Bitcoin’s Future (BTC) in Trump’s America: Predictions & Insights from Standard Chartered
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- Standard Chartered’s recent research explores the potential impact of U.S. fiscal policies on the cryptocurrency market.
- The bank suggests that the growing risk of U.S. fiscal dominance could boost the appeal of cryptocurrencies as alternative assets.
- Standard Chartered maintains an optimistic outlook on Bitcoin’s price, reiterating its target of $150,000 by the end of the year and $200,000 by the end of 2025.
Standard Chartered’s research suggests that U.S. fiscal policies could bolster the appeal of cryptocurrencies, with Bitcoin potentially serving as a hedge against de-dollarization and waning confidence in the U.S. Treasury market.
Implications of U.S. Fiscal Dominance on Cryptocurrencies
Standard Chartered’s analysis highlights a scenario where increasing fiscal dominance might lead to a supportive environment for cryptocurrencies like Bitcoin. The bank’s report suggests that such economic conditions could make Bitcoin an attractive hedge against potential de-dollarization and a decline in confidence in the U.S. Treasury market. The Bitcoin price has a positive correlation with these potential financial developments, according to Geoff Kendrick, an analyst at Standard Chartered.
