Standard Chartered's cryptocurrency analyst Jeffrey Kendrick remains bullish on Bitcoin prices, even though the recent sell-off caused Bitcoin to drop to a three-month low; he still expects Bitcoin to reach $200,000 during President Trump's term.

Kendrick predicts that Bitcoin prices will reach $200,000 this year, and then further climb to $500,000 in the coming years. He believes that as traditional financial institutions (like Standard Chartered and others that have issued Bitcoin ETFs) become more involved in the cryptocurrency market, the industry will become more regulated and secure, and negative news (such as the $1.5 billion theft incident at Bybit exchange) will decrease.

Additionally, the clarification of U.S. regulations will reduce the volatility in the cryptocurrency market and encourage more U.S. banks and large institutions to participate. Kendrick believes that price stability and regulatory clarity are key catalysts for large financial institutions to invest in Bitcoin and other crypto assets.

Currently, Bitcoin prices are affected by uncertainties such as global stock market declines, the Russia-Ukraine conflict, and the Israel-Palestine conflict, having fallen from January's historic highs. Kendrick expects that as the market anticipates new regulations regarding stablecoins and anti-money laundering, the outlook for the cryptocurrency market will improve later this year. #美联储降息预期 #BTC #BTC20万美元 #比特币走势分析 #BTC