Bitcoin Will Still Hit $500,000 Before Trump Leaves Office, Standard Chartered Analyst Maintains
Posted On February 28, 2025
Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, offers a cautiously optimistic outlook for cryptocurrencies amid recent market turbulence.
What Happened: In an interview on CNBC on Thursday, Kendrick acknowledged the positive medium-term outlook for cryptocurrencies under Trump.
He cited the removal of SAB 121 as a significant development that has eased restrictions on U.S. financial institutions entering the crypto space.
Kendrick noted that recent policy initiatives, particularly around tariffs, have created uncertainty for risk assets, including cryptocurrencies.
“Initiatives in the last couple of weeks have been very confusing for risk assets, and that’s the biggest story here that’s been driving …
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