Standard Chartered Bank reiterates bullish view on Bitcoin to $200000, concerns over Federal Reserve independence will boost rally

According to BlockBeats, on April 22nd, Jeff Kendrick, an analyst at Standard Chartered Bank, stated that if concerns about the independence of the Federal Reserve continue, Bitcoin may rise to historical highs. Due to its decentralized ledger, cryptocurrency serves as a hedge against risks in the existing financial system. After Trump hinted that he might dismiss Powell, the chairman of the Federal Reserve, because he wanted to cut interest rates, the risk of US treasury bond bonds reflected this. The yield premium of investors' purchase of long-term treasury bond over short-term treasury bond rose sharply, which benefited Bitcoin. Bitcoin rises to a six week high of $90459. Standard Chartered Bank still expects the price of Bitcoin to rise to $200000 by the end of 2025. (Golden Ten)