Geoffrey Kendrick of Standard Chartered views Bitcoin as strengthening its role as a hedge against systemic risks, especially amid rising political pressure on the Fed and speculation over Powell's replacement. Although BTC has temporarily stalled due to trade-related concerns, Kendrick believes it will soon regain momentum as focus shifts back to central bank credibility. He maintains a bullish forecast: $200,000 by the end of 2025 and $500,000 by 2028, supported by macro trends, spot ETFs, and growing institutional adoption.