Standard Chartered’s head of digital assets research sees Bitcoin’s (CRYPTO: BTC) prices possibly experiencing a significant boost in the coming months.
What Happened: The recent rate cut by the U.S. Federal Reserve has led to a situation where long-term borrowing costs for U.S. Treasury notes are relatively higher than short-term borrowing costs.
This is often indicative of future economic growth optimism and sets up a favorable investment environment, including for Bitcoin, according to Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, The Block reported.
The analysts highlight positive signs in the derivatives market, with an uptick …
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