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A Major Bank Waiting for 200 Thousand in Bitcoin This Year Expects a Positive Reverse! - Coin Bulletin
Bitcoin (BTC) may benefit from the increasing tariff risks along with the U.S.'s "isolationist" policies. Standard Chartered analyst Geoffrey Kendrick stated that Bitcoin could gain value in this process.
In a statement, Geoffrey Kendrick emphasized that the U.S. adopting an isolationist stance increases the risks of fiat currencies and that this would be beneficial for Bitcoin. Kendrick highlighted that Bitcoin could serve as a type of "protection" against tariff risks, in particular. He also noted that after Bitcoin dropped below 80,000 dollars over the weekend, it could remain around 76,500 dollars, which is an important support level.
Kendrick stated that Bitcoin performed better compared to only Microsoft and Google among large technology companies. The analyst viewed Bitcoin as a protective tool against the "U.S. isolation" and predicted that Bitcoin would continue to remain strong in this context. Additionally, he expressed that the headlines regarding tariffs that emerged last week would positively affect the value of Bitcoin, but unless there was a broad risk-off movement in traditional markets, he expected Bitcoin to rise again to $84,000.
Kendrick has set price targets for the rise
Geoffrey Kendrick stated that the target price for Bitcoin by the end of 2025 is $200,000, and he expects levels of $300,000 by the end of 2026 and $400,000 by the end of 2027. He predicts that this upward trend will continue until 2029.
Finally, Kendrick made a positive prediction for Avalanche (AVAX) as well, estimating that AVAX could reach 250 dollars by the end of 2029.