Standard Chartered: Trump being elected could be good for Bitcoin

CoinMarketCap05-08

A Standard Chartered report warns that the growing risk of U.S. fiscal dominance due to the Federal Reserve’s potential debt monetization could drive investors to cryptocurrencies. In this context, a ...

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In this co","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMP":"Standard Motor Products Inc","BK4124":"机动车零配件与设备","BTC":"ClearShares Piton Intermediate Fixed Income ETF"},"translate_title":"渣打银行：川普当选可能对比特币有利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"SMP":1},"content_text":"A Standard Chartered report warns that the growing risk of U.S. fiscal dominance due to the Federal Reserve’s potential debt monetization could drive investors to cryptocurrencies.\nIn this context, a second term under former President Donald Trump might benefit digital assets.\n“We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said.\nStandard Chartered analyst Geoff Kendrick emphasized that Bitcoin could offer a valuable hedge against de-dollarization and waning confidence in U.S. Treasuries.\n“A steeper nominal 2-year/10-year curve, a greater increase in breakevens than real yields, and an increase in term premium are three probable consequences of U.S. fiscal dominance on the Treasury curve,” Kendrick added, highlighting Bitcoin’s (BTC) positive correlation with these developments.\nYou might also like:  Gary Gensler: Crypto operators not providing adequate disclosures \nThe report noted that Trump’s previous term saw an average annual net selling of U.S. government debt totaling $207 billion, versus $55 billion under President Biden.\nAside from the passive benefit to Bitcoin due to de-dollarization, Standard Chartered expects a second Trump administration to promote Bitcoin and digital assets through relaxed regulations and the approval of U.S. spot ETFs.\nEarlier this year, Trump spoke with CNBC about cryptocurrency, showing openness to the sector and noting that he wouldn’t want to take it away. Despite not owning any Bitcoin, the former President said he recognized its increasing popularity.\nStandard Chartered reiterated its projections for Bitcoin’s value, forecasting a year-end price of $150,000 and up to $200,000 by the end of 2025.\nRead more:  Spot ETFs in Hong Kong launch softened outflow from US funds","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433873303"}