Bitcoin’s Dual Role Could Propel It To $200,000: Standard Chartered
Bitcoin (CRYPTO: BTC) is regaining attention as a hedge against systemic risk as concerns mount over the independence of the U.S. Federal Reserve.
What Happened: According to Standard Chartered‘s Global Head of Digital Assets Research, Geoffrey Kendrick, Bitcoin has a dual role as both a tech-correlated asset and a safeguard against private and public sector financial disruptions.
In a note sent to Benzinga on Tuesday, Kendrick points to the elevated U.S. 10-year Treasury term premium, now at a 12-year high, as a signal that markets are pricing in deeper uncertainties tied to long-term debt and institutional credibility.
“The current threat to the Fed’s independence via Powell’s potential replacement falls squarely into the government risk category,” Kendrick wrote.
He emphasized that Bitcoin historically serves two major functions in …
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