Standard Chartered Bank: Market concerns over the independence of The Federal Reserve (FED) may drive Bitcoin prices to new historical highs.

PANews April 22 news, according to *Walter Bloomberg, Geoff Kendrick of Standard Chartered Bank pointed out in a report that if market concerns about the independence of the Federal Reserve persist, Bitcoin may rise to a historic high. He stated that due to Bitcoin’s use of decentralized ledger technology, this crypto asset serves as a hedging tool against the risks of the existing financial system. Currently, U.S. Treasury bonds face risks as President Trump hinted at possibly replacing Federal Reserve Chairman Jerome Powell due to hopes of interest rate cuts. Kendrick noted that the yield premium required by investors for buying long-term Treasury bonds relative to short-term bonds has surged, benefiting Bitcoin. According to data from the London Stock Exchange Group (LSEG), Bitcoin has risen to a six-week high of $90,459. Standard Chartered Bank expects Bitcoin to rise to $200,000 by the end of 2025.

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