Analysts at Standard Chartered emphasize the importance of Bitcoin in the face of political pressure and economic unrest. Expert Kendrick highlights key factors influencing its role.
Political Pressure and Bitcoin
In a recent note, Kendrick highlighted that political pressure on central banks could lead to an increase in Bitcoin, reinforcing its position as a hedge against government-sector risks. "The current threat to the Fed’s independence via [Fed Chairman Jerome] Powell’s potential replacement falls squarely into that category," Kendrick stated.
Bitcoin as an Asset
Kendrick asserts that Bitcoin is a multi-faceted portfolio asset, particularly valuable in times of systemic stress. It can hedge against private-sector risks such as banking collapses and performs well when government institutions come under scrutiny. "Bitcoin has typically moved in tandem with the 10Y term premium," Kendrick explained.
Bitcoin Price Predictions
Reaffirming his bullish stance, Kendrick sets Bitcoin price targets of $200,000 by the end of 2025 and $500,000 by 2028. He noted that Bitcoin’s narrative is not static but evolves into a strategic hedge against both monetary instability and institutional breakdowns. "Bitcoin serves different roles over time — inflation hedge, digital gold, or hedge against institutional risk," he added.
Thus, Bitcoin remains an important player in the financial market amid increasing political and economic tensions. The price forecasts emphasize experts' optimism about its future.
