Standard Chartered predicts Bitcoin (BTC) could surpass 88,500 USD this weekend, influenced by strong tech stock performance. The US Non-Farm Payroll report could serve as a catalyst for price movement, driving confidence in Bitcoin as a hedge during economic uncertainties.
Geoff Kendrick from Standard Chartered emphasized Bitcoin’s emerging role as both a tech asset and an inflation hedge. The bank’s recommendation to hold BTC is based on its increasing relevance amidst market fluctuations, reaffirming Bitcoin’s strategic importance in financial markets.
Leave a Reply