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Citibank: Concerns about the independence of the Federal Reserve may push Bitcoin to a historical high.

Citibank: Concerns about the independence of the Federal Reserve may push Bitcoin to a historical high.

2025-04-22 22:35

ChainThink Financial Report, analysts at Standard Chartered, Jeff Kendrick, said that if concerns about the independence of the Federal Reserve persist, Bitcoin may rise to record highs. He stated that cryptocurrencies serve as a hedge against the risks of the existing financial system due to their decentralized ledger. This was reflected in the risk of US Treasury bonds after Trump hinted he might replace Federal Reserve Chair Powell due to his desire for rate cuts. Kendrick said that the yield premium investors are paying for long-term Treasury bonds over short-term ones has risen significantly, benefiting Bitcoin. According to LSEG, Bitcoin rose to a six-week high of $90,459. Standard Chartered expects Bitcoin's price to rise to $200,000 by the end of 2025.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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