Jakarta, Pintu News – Geoffrey Kendrick of Standard Chartered recently issued a very optimistic prediction regarding the future of Bitcoin .
According to his analysis, Bitcoin (BTC) is predicted to reach a value of $200,000 by the end of 2025 and could even jump to $500,000 by 2028.
Currently, the price of Bitcoin (BTC) is around $90,000, which means there will be a 100% increase in the near future.
Check out the full analysis here!
Bitcoin (BTC) has long been considered an asset that can hedge wealth amidst the uncertainty of the global financial system. Geoffrey Kendrick emphasizes that the primary function of Bitcoin (BTC) is as a bulwark against financial system risks.
The decentralized nature of Bitcoin (BTC) makes it a strong option during periods of financial instability. When the Silicon Valley Bank failed in March 2023, Bitcoin (BTC) provided some relief.
Bitcoin’s (BTC) decentralized structure can also help mitigate risks associated with government policies, such as concerns over the actions of the US Treasury Department or the decisions of the Federal Reserve.
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One of the metrics Kendrick follows is the US Treasury term premium, which recently hit a 12-year high. This term premium indicates the additional risk investors take on in holding long-term US Treasury bonds. Since early 2024, Bitcoin (BTC) has shown a correlation with this premium.
However, lately, Bitcoin (BTC) has not kept up with the increase in term premiums. Kendrick attributes this delay to previous concerns that tariffs would hurt tech stocks, and since Bitcoin (BTC) often follows the performance of these stocks, it has not kept up.
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Kendrick remains confident that Bitcoin (BTC) will continue to appreciate as long as there are persistent concerns regarding the independence of the Federal Reserve. With possible changes at the Fed, including the possible replacement of Jerome Powell, this risk will drive further growth for Bitcoin (BTC).
Kendrick’s predictions continue to provide hope, with the possibility that Bitcoin (BTC) could break new record highs in the short term as this economic uncertainty develops. In addition, Bitcoin (BTC) is increasingly considered a hedge asset during periods of financial uncertainty, with Kendrick predicting tremendous growth.
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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.
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