The cryptocurrency market has been experiencing volatile movements recently. Standard Chartered anticipates a rise in cryptocurrency flows by 2025. Geoffrey Kendrick predicts that Bitcoin $94,779 could reach $200,000; however, uncertainty surrounding regulations under the Trump administration raises concerns.
Kendrick Advises Caution on Bitcoin Purchases
Geoffrey Kendrick suggests that caution is warranted due to regulatory uncertainties surrounding cryptocurrencies during the Trump administration. He previously indicated that significant regulatory changes might occur during Trump’s second term. However, a strategic Bitcoin reserve has not yet been established.
We recommend buying during dips, expecting prices to rise in the medium term.
Kendrick warns that the market could face prolonged downturns if the Trump administration fails to fulfill its promises. He also notes that strict trade tariffs could negatively affect digital assets by increasing prices in the U.S.
SEC Aims to Reestablish Crypto Relationships
The SEC has formed a task force called “Crypto 2.0,” led by pro-crypto Commissioner Mark Uyeda. This initiative, under Hester Peirce’s leadership, aims to rectify regulatory confusion within the sector. This move is expected to positively change the SEC’s perspective on cryptocurrencies.
Kendrick views significant dips in Bitcoin prices as opportunities and forecasts that Bitcoin could reach 318,806 Australian dollars by year-end. He believes that institutional flows, particularly from pension funds, will support BTC and ETH performance.
Standard Chartered expects Bitcoin to reach $200,000 by the end of 2025. This forecast stems from increasing interest in cryptocurrencies among institutional investors.
These developments in the cryptocurrency market present both significant opportunities and risks for traders. Clarity in regulations is critical for ensuring market stability.