Will Bitcoin’s Price Stay Above $100,000? Standard Chartered Predicts Positive Outlook

According to Geoffrey Kendrick, global head of digital assets research at Standard Chartered Bank, Bitcoin’s price may never fall below $100,000 again. This optimistic forecast stems from several key factors: positive developments in the U.S.-China trade war, anticipated U.S. Federal Reserve rate cuts, and growing investor confidence. Kendrick highlights recent progress in trade talks between the U.S. and China, potentially leading to a truce on rare-earth exports for one year and a commitment to purchase significant amounts of U.S. soybeans. These developments could pave the way for increased investment in Bitcoin.