Standard Chartered Bank reiterates bullish view on Bitcoin to $200,000, concerns about Fed independence will boost gains

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On April 22, Standard Chartered analyst Jeff Kendrick stated that Bitcoin could reach an all-time high if concerns about the Federal Reserve's independence continue. Due to its decentralized ledger, cryptocurrency serves as a hedge against risks in the existing financial system. This was exemplified by U.S. Treasury risks after Trump hinted he might remove Fed Chairman Powell in hopes of lowering interest rates. Investors' yield premium for long-term Treasury bonds over short-term bonds significantly increased, benefiting Bitcoin. Bitcoin rose to a six-week high of $90,459. Standard Chartered still predicts that Bitcoin's price will reach $200,000 by the end of 2025. (Jinshi)

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