According to Kendrick, after U.S. President Donald Trump announced a delay in tariffs, demand for the first cryptocurrency from American and Asian investors has increased.
"A number of signals indicate that Bitcoin is moving towards the next phase of growth. The premium for U.S. Treasury bonds, with which the asset is closely correlated, is at a level close to its highest in the last 12 years. Whales continue to accumulate Bitcoins, and the positive dynamics of the ETF shows liquidity flowing back from gold into the first cryptocurrency," Kendrick stated.
The expert noted that Standard Chartered still maintains its forecast for Bitcoin's price at $200,000 by the end of 2025. The next catalysts for growth this summer could be the influx of institutional money, the publication of reports on investments in Bitcoin spot ETFs in May, and the passage of a stablecoin law in the U.S., the analyst believes.
Earlier, the head of the research department at Bitcoin New York Digital Investment Group (NYDIG), Greg Cipolaro, stated that Bitcoin, against the backdrop of the U.S.-China trade war, has "made the list of winners," alongside gold and the Swiss franc.
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