Bitcoin (BTC) 
$95,022 price has fallen below $85,000, coinciding with losses in the U.S. stock markets. The unexpected persistence of tariffs by Trump has taken many by surprise. If Trump remains rational, he must find a middle ground with stakeholders within weeks to address inflation without further complications. Today, we will examine the projections from Standard Chartered and Capo.
Standard Chartered’s Bitcoin Prediction
Standard Chartered analyst Geoffrey Kendrick reiterated his belief today that Bitcoin will reach $200,000 by year-end. During his appearance on the Squawk Box Europe program, he emphasized the continuing bullish sentiment in the crypto ecosystem, despite recent negative developments.
“What we need in the crypto ecosystem is for traditional financial players like Standard Chartered, BlackRock, and others with ETFs to truly engage. As the sector becomes more institutionalized, it should also become safer.”
Kendrick, aiming for $200,000 this year, forecasts a potential rise to $500,000 before Trump’s term concludes. He expresses little concern over the decline attributed to tariffs and increasing uncertainties.
“Risk assets do not favor uncertainty, and we have seen that. We noticed the decline in tech stocks in the U.S.”
(With regulations in place) Crypto will gain further legitimacy, leading to more U.S. banks getting involved in this space.
Capo’s Cryptocurrency Predictions
In 2022, many investors disliked Capo’s assertion that everything would decline. He proved correct, but it was challenging to convince him of a rebound in 2023. In a recent assessment, he suggested that NVIDIA’s earnings reports could trigger a dead cat bounce, and the market has slightly recovered. However, a secure zone has yet to be reached.
According to his prediction, the market will undergo three phases. We will soon see a quick rise of 10-20%, followed by a major decline with losses ranging from 20-50%. Ultimately, in the third phase, he anticipates a bullish trend for altcoins. If we break these down into weeks, a potential agreement on tariffs around April 2 and the next inflation data on April 10 could create a favorable ground for an upswing.
