Trump being elected could be good for Bitcoin

Overview:

Standard Chartered warns of the growing risk of U.S. fiscal dominance driving investors to cryptocurrencies such as Bitcoin, especially under the potential debt monetization by the Federal Reserve.

Impact of Trump Administration:

The report suggests that a second term under former President Donald Trump could be positive for digital assets, as it may lead to a more supportive regulatory environment for cryptocurrencies like Bitcoin.

Bitcoin as a Hedge:

Analyst Geoff Kendrick highlights Bitcoin’s potential as a hedge against de-dollarization and waning confidence in U.S. Treasuries, citing its positive correlation with the consequences of U.S. fiscal dominance on the Treasury curve.

Projections and Forecast:

Standard Chartered reiterates its projections for the value of Bitcoin, forecasting a year-end price of $150,000 and up to $200,000 by the end of 2025, emphasizing the potential growth in the digital asset market under certain regulatory conditions.

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