Standard Chartered Bank: Bitcoin will become a tool for hedging tariff risks.

According to ChainCatcher news and The Block report, Standard Chartered Bank stated that as signs of American isolationism begin to affect market sentiment, Bitcoin may benefit from rising tariff risks. Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, said that $76,500 is a key support level, and Bitcoin has outperformed most tech stocks during the recent market pullback, second only to Microsoft and Google. It also predicted that Bitcoin could return to last Friday's closing price of around $84,000.

BTC1.08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)