Bitcoin could guess $ 500,000 before Trump leave Office – Standard Chartered

The first month of U.S. President Donald Trump was very volatile for risky assets, but his administration will be net positive in the long run, according to standard rents.

In the period from 27. February CNBCStandard Chartered’s Head Research Digital Asserts, Geoffrei Kendrick said to expect Bitcoin (Btc) Price to reach $ 200,000 this year before it is $ 500,000 before President Trump concludes his second term. Stated a growing institutional adoption and Potential for clearer regulations As positive catalysts.

Despite recent volatility, the crypto market should become less rocky, because more institutions adopt a property class, Kendrick said. These players will also alleviate security risks that look inherent in crypto protocols, how to testify recently 1.4 billion haka cripto ekchange bibit.

“What we need are traditional financial players, like Standard Chartered, like Blackocrock and others who now have ETFs to enter,” Kendrick said. “These are institutions like our that now offer detention companies that are much safer than hacks.”

“How the industry becomes institutionalized, it should be safer,” he said.

Related: Democrats House Proposes Proposals for Presidential Memories: Report

Volatility in the Bitcoin stomach

Since it is reaching all the time of high over $ 109,000 in January, the price of Bitcoin sank for more than three months about $ 80,000 this week like President Trump reiterated his threats to tariff threats In China and Allies Mexico and Canada.

Tariffs on Canadian and Mexican goods should take effect on 4. Marta, “he will really enter into force, as planned,” said Trump to the truth of social.

Bitcoin responds so sharply on tariff threats indicating that the digital agent has become highly associated with supplies and liquidity conditions, according to the market commentary Letter Kobeisi.

Global Macro Investor Julien Bittel said The recent return of bitcoin is “normally in the Bull market,” especially after the huge deadline in price after American presidential elections.

Meanwhile, Jamie Coutts, the main crypto analyst at the right vision, said two of the three “basic liquidity measures” in his framework became bulls after recent sale. Expanding the central bank balance sheet and growing global cash material is usually painful for Bitcoin. The only domino is left to have a US dollar fell.