Bitcoin’s price has shown notable recovery after recent declines. The cryptocurrency surpassed $90,000 for the first time since March 7th, as Standard Chartered Bank announced its bullish predictions. The financial institution attributed this rise to concerns surrounding the independence of the Federal Reserve (FED). Geoff Kendrick, head of digital assets research at Standard Chartered, stated that Bitcoin could reach a new all-time high if investor concerns about the FED’s independence persist. Bitcoin’s decentralized nature acts as a hedge against potential systemic financial risks such as political interference. Kendrick pointed out President Trump’s proposal to remove Federal Reserve Chair Jerome Powell as an example of this. He also highlighted investors seeking higher returns for holding long-term U.S. government bonds compared to short-term ones, which has benefited Bitcoin. The Standard Chartered official confirmed his 2025 year-end target price of $200,000 if these ongoing financial uncertainties continue. This is not investment advice.