PANews reported on April 22 that according to *Walter Bloomberg, Geoff Kendrick of Standard Chartered Bank noted in a report that Bitcoin could rise to a historic high if market concerns about the Federal Reserve's independence persist. He stated that due to its decentralized ledger technology, cryptocurrency serves as a hedge against risks in the existing financial system. Currently, U.S. Treasury bonds are facing risks after President Trump hinted at potentially replacing Federal Reserve Chairman Jerome Powell due to his desire for interest rate cuts. Kendrick said that investors' required yield premium for long-term Treasury bonds relative to short-term bonds has sharply increased, from which Bitcoin benefits. According to London Stock Exchange Group (LSEG) data, Bitcoin rose to a six-week high of $90,459. Standard Chartered Bank expects Bitcoin to rise to $200,000 by the end of 2025.
