TechFlow news, April 22 — According to Walter Bloomberg, Standard Chartered's Jeff Kendrick said in a report that if concerns over the Federal Reserve's independence persist, Bitcoin could reach a new all-time high.
He stated that due to its decentralized ledger, this cryptocurrency can serve as a hedge against risks in the existing financial system. This risk is currently manifesting through the risks facing U.S. Treasuries, after President Trump suggested he might remove Federal Reserve Chair Jerome Powell over his willingness to cut interest rates.
Kendrick noted that investors are demanding a significantly higher yield premium for long-term Treasuries over short-term ones, which is favorable for Bitcoin. Standard Chartered expects Bitcoin's price to rise to $200,000 by the end of 2025.
