-
State Pension Funds Key To Bitcoin Hitting $500K, Long-Only Money Needed: Standard Chartered
Tuesday, February 18, 2025 - 9:53am | 535Bitcoin‘s (CRYPTO: BTC) path to reaching $500,000 before President Donald Trump leaves office hinges on long-term investment from state pension funds. That’s according to Standard Chartered‘s head of digital assets research, Geoffrey Kendrick. In a research note on Tuesday,...
-
'Bad Trump To Good Trump' Means Bitcoin Could Go To $102,500, Standard Chartered Says
Friday, February 14, 2025 - 11:59am | 586Markets may be shifting from bad Trump to good Trump as risk sentiment improves, according to Geoffrey Kendrick, head of digital assets research at Standard Chartered. In a note sent to Benzinga, he pointed to lower oil prices, a potential Russia-Ukraine peace deal, and a peak in Trump-related...
-
Bitcoin To Reach $500,000 Before Trump Leaves Office: Standard Chartered
Wednesday, February 5, 2025 - 9:55am | 501Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered on Wednesday predicted that Bitcoin (CRYPTO: BTC) could reach $500,000 before the end of Donald Trump's term. What Happened: Kendrick attributes this forecast to two key factors: improved investor access to Bitcoin under the...
-
Don't Buy The Dip On Bitcoin, Ethereum, XRP Yet, Standard Chartered Warns
Monday, February 3, 2025 - 9:55am | 671Standard Chartered‘s Head of Digital Assets Research Geoffrey Kendrick on Monday advised against buying the dip in cryptocurrencies until outright back-end U.S. Treasury yields come lower. What Happened: In a note to Benzinga, Kendrick stated that the current sell-off differs significantly...
-
Bitcoin To Hit Up To $130,000 In The Next Weeks: Standard Chartered
Thursday, January 30, 2025 - 8:17am | 521Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March. Kendrick's bullish outlook follows a recent market correction and is supported...
-
Bitcoin Could Drop Up To 20% As Trump 'Hope' Fades, Standard Chartered Warns
Wednesday, January 22, 2025 - 11:59am | 477Standard Chartered‘s Geoffrey Kendrick on Wednesday cautioned that digital asset prices are poised for a potential 10-20% correction as “hope” that is currently driving the markets fades. This assessment comes after President Donald Trump's day one executive orders made no mention...
-
Bitcoin Is An 'Excellent' Buying Opportunity At If It Breaks Below $90,000 Says Standard Chartered
Tuesday, January 14, 2025 - 3:41pm | 391Bitcoin (CRYPTO: BTC) could potentially fall to the low $80,000s if it breaks decisively below $90,000, according to Standard Chartered‘s Geoffrey Kendrick, who views such a dip as an “excellent medium-term buying opportunity.” This analysis comes amid concerns over macro risks...
-
Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered
Tuesday, November 26, 2024 - 11:15am | 629Bitcoin‘s (CRYPTO: BTC) sharp pullback from its record high just under $100,000 has sparked concern among traders, with Standard Chartered‘s Geoffrey Kendrick attributing the correction to several factors, including a reduction in U.S. Treasury term premium and upcoming options...
-
Cryptocurrencies Rally Following Trump Victory, El Salvador's Bitcoin Bet Pays Off And More: Top Crypto Updates This Week
Sunday, November 10, 2024 - 8:35am | 635The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city...
-
Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered
Friday, November 8, 2024 - 1:28pm | 653Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated...
-
Trading Bitcoin During The 2024 Election: Here's What You Should Know
Thursday, October 31, 2024 - 12:09pm | 747As Bitcoin (CRYPTO: BTC) trades near $70,450 on Thursday afternoon, traders are preparing for potential market swings linked to the upcoming U.S. election. What Happened: According to data from CoinGecko, Bitcoin hit a recent high of $73,563, just short of its all-time high of $73,797 reached in...
-
Bitcoin To Hit $73K On Election Day And $80K If Trump Wins, Says Standard Chartered
Thursday, October 24, 2024 - 1:20pm | 563Standard Chartered has predicted that Bitcoin (CRYPTO: BTC) will hit $73,000 by the time of the U.S. presidential election on Nov. 5, with the cryptocurrency expected to surge beyond $80,000 shortly after if former President Donald Trump wins. What Happened: The bank’s analysis, based on...
-
3 Reasons Why A Bitcoin All-Time High Before The Election Is Back In Play
Tuesday, October 15, 2024 - 11:02am | 514Bitcoin (CRYPTO: BTC) might be on the brink of hitting its highest value ever as the U.S. presidential election approaches. What Happened: According to a prediction from Standard Chartered’s Geoff Kendrick, as reported by The Block, Bitcoin could reach its previous peak of $73,800, citing...
-
Bitcoin Could Surge After Interest Rate Cut As Macro Drivers Take Over: Standard Chartered
Thursday, September 19, 2024 - 2:19pm | 660Bitcoin (CRYPTO: BTC) and the wider digital asset market are expected to experience sustained growth following the U.S. Federal Reserve's decision to cut interest rates by 50 basis points, according to Geoff Kendrick, head of forex and digital assets research at Standard Chartered. What Happened:...
-
Bitcoin To Hit $100K By US Election: Standard Chartered
Tuesday, July 2, 2024 - 2:17pm | 539Standard Chartered has projected that Bitcoin’s price might reach a new all-time high by August and could surge to $100,000 by the U.S. presidential election in November. What Happened: The bank’s Head of Forex and Digital Assets Research Geoffrey Kendrick stated, “a fresh all-...