World-Famous Bank Talks After Bitcoin Rise: Increase May Continue! - Coin Bulletin

Koinbulteni · 2025-04-23T07:00:21+00:00

Geoffrey Kendrick of Standard Chartered suggests that Bitcoin may continue to gain value as concerns over the Federal Reserve's independence persist. He predicts Bitcoin reaching $200,000 by 2025 and $500,000 by 2028, as well as an increase in Avalanche (AVAX) and XRP prices.

Koinbulteni

2025-04-23 07:00:21

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Standard Chartered research leader Geoffrey Kendrick stated that Bitcoin (BTC) could continue to gain value as long as concerns about the independence of the Federal Reserve persist.

Kendrick states that the main role of Bitcoin in portfolios is to balance the risks posed by traditional financial systems. These risks can stem from the private sector, such as bank failures, or from the government sector that threatens the independence of the Fed. According to Kendrick, the current threat to Fed independence could be an important triggering factor for Bitcoin to gain value. Kendrick emphasizes that this threat is reflected in the 10-year Treasury yield spreads reaching their highest level in 12 years.

Kendrick notes that Bitcoin has shown a strong relationship with U.S. Treasury yield differentials since the beginning of 2024, stating that in recent weeks, Bitcoin has lagged behind the sharp increase in these yield differentials. He believes this is due to Bitcoin being traded with high growth expectations lately, and predicts that if concerns about Fed independence continue, Bitcoin will keep rising.

Kendrick predicts that Bitcoin could reach levels of 200,000 dollars by the end of 2025 and 500,000 dollars by the end of 2028. Additionally, he expects an increase of up to 250 dollars for Avalanche (AVAX) in his previous forecasts, and that XRP will rise to 12.50 dollars by the end of 2028.

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