Bitcoin Boom in the Trump Era? $500K Target Unleashes Wild Speculation?
At the end of President Trump's term, Geoffrey Kendrick of Standard Chartered projects that the value of Bitcoin will be $500,000.
According to Kendrick, the gain will coincide with greater institutional exposure to Bitcoin through the Strategy shares.
The rise in government bond rates indicates its decline as a risk countermeasure.
On Tuesday, following Geoffrey Kendrick's confirmation from Standard Chartered regarding the bank's price target of $500,000 for 2029, citing an increase in institutional and governmental exposure through Strategy shareholdings, Bitcoin (BTC) momentarily surpassed $107,000. As a hedge during times of risk aversion, government bonds are losing their effectiveness, according to a recent study published by KKR & Co. on the rise of bond rates in the U.S. and Japan.
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