2 months ago
34
David Okoya
Fri, Apr 25, 2025, 12:31 PM 3 min read
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Standard Chartered Head of Digital Assets Research Geoffrey Kendrick has weighed successful connected the catalyst for Bitcoin’s caller decoupling from stocks.
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Kendrick said the catalyst for Bitcoin’s existent tally could nonstop it to caller all-time highs.
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Bitcoin is present trading astatine a cardinal level.
Despite the persisting communicative that Bitcoin is an plus with the imaginable to go a store of worth connected par with gold, if not better, the plus has, for the astir part, traded successful tandem with tech stocks, failing to clasp up successful the look of marketplace uncertainty.
And until recently, things looked nary antithetic successful the existent cycle. Amid President Donald Trump‘s arguable tariff policies and ostentation concerns implicit the past fewer months, Bitcoin followed the Nasdaq and S&P 500 successful a important retreat from grounds highs. But this week, determination has been a marked displacement successful this correlation contempt nary evident alteration successful marketplace conditions.
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On Monday, Bitcoin jumped astir 3% from astir $85,000 to highs supra $88,000, portion accepted equities continued their slump, with the Nasdaq and the S&P 500 dropping astir 2%. Is Bitcoin yet taking its spot successful the pantheon of safe-haven assets?
In a Tuesday note, Standard Chartered Head of Digital Assets Research Geoffrey Kendrick said that Bitcoin traded similar a tech banal but successful times of hazard to the bequest fiscal system. In these instances, Kendrick asserted that the plus acted arsenic a hedge, citing its terms enactment during the banking situation that led to the illness of respective banks successful Q1 2023.
Trending: BlackRock is calling 2025 the twelvemonth of alternate assets. One steadfast from NYC has softly built a radical of 60,000+ investors who person each joined successful connected an alt plus people antecedently exclusive to billionaires similar Bezos and Gates.
Kendrick opined that successful the lawsuit of Bitcoin’s astir caller rally, investors were reacting to risks to the fiscal strategy associated with the authorities amid the increasing menace to the Federal Reserve’s independency nether the Trump administration.
In caller weeks, Trump has openly tried to twist the limb of Fed Chair Jerome Powell to chopped involvement rates utilizing idiosyncratic attacks connected societal media.
“There tin beryllium a SLOWING of the system unless Mr. Too Late, a large loser, lowers involvement rates, NOW,” Trump wrote, referring to Powell successful a Monday Truth Social post, asserting that “there is virtually No Inflation.”
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