Will Bitcoin Take Off? Standard Chartered Bank: Crisis of Federal Reserve Independence May Boost BTC to New Heights
Recently, Bitcoin's market has heated up again, with prices once more surpassing the $90,000 mark! This time, in addition to the halving effect that occurs every four years, there is an unexpected boosting factor: the "power game" between Trump and the Federal Reserve.
According to insider information, the Trump team is studying how to replace Federal Reserve Chairman Powell before the end of his term in 2026, as Powell has been reluctant to cut interest rates, which has shaken the financial circles.
Geoff Kendrick, head of digital assets at Standard Chartered Bank, recently released a report stating that if the independence of the Federal Reserve is indeed subject to political interference, Bitcoin could very likely experience a surge. After all, Bitcoin's decentralized nature makes it the best choice to combat traditional financial risks. Once the report was released, market sentiment was ignited.
Interestingly, Trump claims that "U.S. inflation is not serious" while warning, "If interest rates are not cut, the economy will decline." Even more absurdly, he recently stated that he wants to impose global tariffs, which is essentially pouring fuel on the already high inflation fire. As a result, the yield on 10-year U.S. Treasury bonds has risen to 4.425%, and the surge in long-term government bonds is considered a bearish signal. All these factors are potential warning signs that could lead to economic issues.
From a technical perspective, Bitcoin's trend is also quite strong. On-chain data shows that BTC has recently issued a buy signal on the weekly chart, and large holders (the so-called "whales") are still accumulating. Even more reassuring is that Bitcoin's network hash rate has just reached an all-time high, indicating robust network security.
In this regard, some analysts are quite optimistic about Bitcoin's future trajectory, even comparing it to historical gold price charts, predicting that by the end of 2025, Bitcoin could rise to $450,000!
Although this prediction sounds a bit exaggerated, given the current turbulent state of traditional financial markets, who can say it is absolutely impossible?
What do you think? If the Federal Reserve is indeed politically interfered with, how high do you think Bitcoin could rise? Is it time to boldly increase positions or to cautiously observe? Share your thoughts in the comments!
