Standard Chartered Predicts Bitcoin Comeback: Could It Be the Ultimate Safe Haven in a World Gripped by Tariff Chaos?

Jakarta, Pintu News – Amid rising geopolitical tensions and the threat of global tariffs fueling market uncertainty, Bitcoin is stealing the spotlight again as a hedge asset.

Standard Chartered, one of the leading global investment banks, predicts that Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- has the potential to experience a significant increase in the near future. Geoff Kendrick from Standard Chartered said that despite the correction, Bitcoin has shown remarkable resilience and could become a new “wealth protector” in an era of global economic uncertainty.

Geoff Kendrick of Standard Chartered: Bitcoin Remains Strong Despite Recent Dip

Amid heightened volatility across the market, analysts are still divided on whether the latest drop in Bitcoin (BTC) price signals a deeper downward trend or just temporary turmoil.

Last weekend, Bitcoin prices plummeted sharply-reflecting market uncertainty triggered by geopolitical tensions and new tariff plans from Trump. However, some experts believe that a rebound is still possible.

Read also: Bitcoin Price Update: Bitcoin Soars to $79,000 — Arthur Hayes Predicts BTC Dominance Will Skyrocket to 70%!

Geoff Kendrick of Standard Chartered said that despite Sunday’s drop, Bitcoin’s performance was still fairly strong, losing only to Microsoft and Google in terms of returns over the same period.

“Sometimes crypto movements on Sunday can be a clue to the direction of the stock market on Monday. If true, Monday could be gloomy. But, the foreign exchange (FX) market has just opened and the AUD value remains the same as Friday. If the FX market is correct, then this crypto decline is temporary and BTC will likely return to Friday’s closing price of $84,000,” said Kendrick, Head of Global Digital Asset Research at Standard Chartered.

According to Kendrick, tariff concerns may be exaggerated and Bitcoin may act as a hedge against increasing US isolationism and risks to fiat currencies.

Crypto Analysts at Coin Bureau Caution That the Recovery Might Be Short-Lived

This view differs from that of Trump’s top economic advisor, Kevin Hassett, who tried to calm the market by saying that there are 50 countries that have been in contact to negotiate tariffs, and the impact on consumers is believed to be minimal.

However, crypto analyst and founder of Coin Bureau, Nic Puckrin, warns that while a V-shaped recovery is possible – especially after more than $1 billion in liquidations – it may not last.

“There is a real risk of a ‘dead cat bounce’ (pseudo recovery). Macro factors are now the main driver, and conditions are very unpredictable,” Puckrin told the BeInCrypto website, while warning new investors to be careful not to rush into the market.

The road ahead is still unclear, but both analysts agree that macro conditions will be a major factor shaping the future of the crypto world.

Dimon, Rates, and the Case for Bitcoin as a Hedge Asset

Adding to the cautious sentiment, JPMorgan Chase CEO Jamie Dimon delivered a sobering warning in his annual letter to shareholders, highlighting the deeper structural risks that are threatening the global economy.

“There remains a growing need for infrastructure spending, global supply chain restructuring, and military requirements. All of this could lead to more persistent inflation and ultimately higher interest rates than the market expects,” Dimon wrote.

He also touched on the impact of recent US trade policy changes.

“The recent tariffs are likely to push up inflation and make many expect the risk of recession to grow,” he added.

Meanwhile, Bitcoin pioneer Max Keiser sees the tariff as a driver of Bitcoin’s increasing appeal as a hedge asset.

“Everything that can be liquidated will be moved to Bitcoin. When the global market collapsed, Bitcoin actually outperformed everything and is now the lowest risk asset ever,” Keiser told the BeInCrypto page.

Read also: Mantra Just Poured $108M into a RWA Crypto Project — Could This Be the Future of Global Finance?

Meanwhile, with the latest correction, the NUPL (Net Unrealized Profit/Loss) for short-term holders of Bitcoin (BTC) has reached its lowest level since August 2024.

Crypto Market Brief Highlights

Overall, here are some brief highlights that have occurred in the crypto market since the beginning of this week, according to the BeInCrypto page (4/7):

• SEC Reviewing crypto Regulations: Under Trump’s direction, the SEC is conducting a major review of crypto policies that could change the way digital assets are classified under the Howey Test.
• US Economic Data to Trigger BTC Volatility: Key US economic events such as FOMC minutes, inflation data (CPI), and unemployment benefit claims could have a major impact on Bitcoin price this week, with inflation data and signals from the Fed shaping market sentiment.
• Similarities to the 2020 Crash: Analysts see a similar pattern to the 2020 market crash and foresee the latest crypto downturn-marked by Bitcoin dropping below $80,000-as a rare buying opportunity in a generation.
• Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply- Corrects Sharply: SOL prices fell below $100 to a 14-month low on market fears, but strong investor support and technical indicators point to a potential short-term rebound.
• Bitcoin Below $75,000: As of April 7, 2025, BTC is down 7% accompanied by a decline in interest in futures contracts, but bullish sentiment remains as confidence from long-term holders is still strong.
• Crypto’s Version of “Black Monday”: Liquidations of $1 billion took place over the weekend, causing crypto market capitalization to drop 10% (7/4/25), led by declines in XRP XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-. Even so, analysts still see a chance of a rebound in the near future.
• Serious Allegations from Justin Sun: Justin Sun has accused First Digital Trust of serious misconduct regarding the FDUSD stablecoin-worse than the FTX case-with allegations of unauthorized asset theft. He is offering a $50 million reward for anyone who can help with the investigation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Standard Chartered: Bitcoin Rebounding. Accessed on April 7, 2025
• The Block. Standard Chartered: Bitcoin Hedge Tariff Risks. Accessed on April 7, 2025