Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, has expressed renewed confidence in his long-term prediction that Bitcoin (CRYPTO: BTC) will reach $200,000 by the end of 2025, citing increased Federal Reserve rate cut probabilities.
What Happened: In a detailed analysis released Tuesday, Kendrick remains unfazed by near-term volatility driven by Donald Trump administration tariff uncertainties and recession concerns, arguing that these factors strengthen his bullish outlook for the cryptocurrency.
His stance comes as risk assets, including Bitcoin, face downward pressure, yet he sees the current environment as reinforcing his earlier forecast.
Kendrick’s analysis highlights Bitcoin’s recent performance, noting a decline that brought its price close to the Nov. 6, 2024, post-election range of $69,000 to $76,500.
He compared Bitcoin’s 30-day implied annualized volatility—currently at 55%—to the “Magnificent Seven” U.S. stocks, finding that Bitcoin’s losses align with this group on a …
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