Bitcoin Set to Surge as Concerns Over Federal Reserve Independence Could Propel Prices to New Heights

In a recent analysis, Standard Chartered Bank analyst Jeff Kendrick emphasized the potential for Bitcoin to reach unprecedented highs if concerns regarding the Federal Reserve’s independence continue. As Bitcoin operates on a decentralized ledger, it positions itself as a viable hedge against vulnerabilities within the current financial landscape. Recent commentary from former President Trump regarding the Federal Reserve Chairman, Jerome Powell, added to the unease surrounding U.S. Treasuries, prompting a notable surge in the yield premium on long-dated Treasuries over their short-dated equivalents, thus creating favorable conditions for Bitcoin. The cryptocurrency recently surged to a six-week high, touching $90,459, and Standard Chartered maintains a bullish outlook, forecasting Bitcoin’s valuation to escalate to $200,000 by the close of 2025. Market participants remain vigilant as these developments unfold.