Standard Chartered: Concerns about the independence of the Federal Reserve may push Bitcoin to historical highs

According to Golden Finance, Jeff Kendrick, an analyst at Standard Chartered Bank, said that if concerns about the independence of the Federal Reserve continue, Bitcoin may rise to historical highs. He stated that due to its decentralized ledger, cryptocurrency is a hedge against risks in the existing financial system. After Trump hinted that he might dismiss Powell, the chairman of the Federal Reserve, because he wanted to cut interest rates, the risk of US treasury bond bonds reflected this. Kendrick said that the yield premium of investors' purchase of long-term treasury bond over short-term treasury bond rose significantly, which benefited Bitcoin. According to LSEG data, Bitcoin rose to a six week high of $90459. Standard Chartered Bank predicts that by the end of 2025, the price of Bitcoin will rise to $200000.