Standard Chartered Bank makes a significant announcement: Bitcoin will become a safe haven during tariff crises! Prices may return to the high ground of $84,000.

Under the shadow of the global trade war, the crypto market is facing a new round of storms. The latest data shows that the price of Bitcoin has plummeted by 10% within 24 hours, now reported at $74,700. The trade war initiated by U.S. President Trump continues to impact risk assets. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, issued a warning: "Weekend crypto asset trends often foreshadow Monday's stock market performance, and if historical patterns repeat, we will see a bloody opening today."

Last Friday, signs of a crash appeared in the US stock market: the Nasdaq 100 index plummeted by 5%, and the Dow Jones index fell by 2,200 points in a single day. Financial commentator Jim Cramer exclaimed on CNBC that this is a "man-made apocalyptic crash," with a striking resemblance to the signs before the "Black Monday" of 1987. Market panic continues to brew, with traditional safe-haven assets and risk assets being pressured simultaneously.

In this global capital flight, Standard Chartered Bank maintains an optimistic outlook on the long-term prospects of Bitcoin. Kendrick boldly predicts in the latest research report that the price of Bitcoin will soon return to the $84,000 mark, emphasizing that it is transitioning from the "digital gold" narrative to a "tariff risk hedging tool." "When the global trade system is paralyzed by protectionism, Bitcoin's decentralized nature will make it the preferred vehicle for capital outflow."

The report points out that the U.S. isolationist policy is creating a crisis of trust in fiat currency, and the challenges facing the dollar's hegemonic status may, in turn, catalyze a reassessment of Bitcoin's safe-haven value. Kendrick warns that traditional financial markets are undergoing a paradigm shift, and crypto assets such as Bitcoin will no longer be merely speculative tools, but may become a Noah's Ark for global capital during turbulent times.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • 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)