According to a report issued by Standard Chartered Bank this week, investors may seek alternative assets such as cryptocurrencies due to the dominant position of the US dollar in the global economy and the risk of monetizing government debt. The report also suggests that the election of Donald Trump could have a positive impact on digital assets. Furthermore, the bank reaffirms its year-end price target for Bitcoin at $150,000 and $200,000 by the end of 2025.
Standard Chartered: US Fiscal Risks and Trump's Election Will Drive the Cryptocurrency Market, Bitcoin Aims for $150,000 by Year End