Standard Chartered: Fed independence concerns could drive Bitcoin to record highs

Bitcoin (BTC) could surge toward a new all-time high as concerns over U.S. Federal Reserve (Fed) independence grow, according to Walter Bloomberg, citing Standard Chartered’s Geoff Kendrick. The decentralized nature of Bitcoin makes it a hedge against systemic financial risks, including political interference, such as President Trump’s suggestion to remove Fed Chair Jerome Powell, Geoff added. The bank maintains a $200,000 BTC target by end-2025.