Standard Chartered Bank: DeepSeek AI or Favourable Information BTC, the neutral attitude of the Federal Reserve may lead to the return of BTC to $105,000

PANews January 30th news, Standard Chartered Bank analyst Geoffrey Kendrick said that the emergence of DeepSeek AI may be beneficial to risk assets such as BTC, because DeepSeek’s low-cost nature helps to drop inflation, and BTC and other non-AI-related assets may benefit from this. Although most analysts expect the Fed to maintain interest rates, some believe that there may be a ‘slightly dovish surprise’, which may alleviate the short-term impact of DeepSeek on BTC prices. Kendrick expects BTC to rebound in the coming days, but the specific trend still depends on Fed Chairman Powell’s policy stance. He believes that if the Fed remains neutral, BTC prices may rise back above $105,000. In the long run, the continued inflow of institutional funds is considered to be the main driving force behind the price of BTC. Lou Kerner, founder of CryptoMondays, pointed out that while ‘risk events’ may affect prices in the short term, the accumulated demand from individuals, businesses, and traditional financial institutions worldwide will drive BTC higher. Data shows that as of September last year, only 1% of the value of BTC ETFs was held by pension funds, indicating tremendous growth potential in the future. Kendrick expects that long-term institutional investors will enter the BTC market on a large scale by 2025, driving the influx of funds beyond last year’s level. He also added that geopolitical or economic crises may further strengthen the demand for BTC as a store of value.