Bitcoin has been experiencing significant volatility due to market factors and geopolitical events, making it difficult to predict its future price. Standard Chartered's head of digital assets, Geoffrey Kendrick, believes that recent declines in Nasdaq futures and Bitcoin prices may indicate a bottoming out, but geopolitical uncertainty continues to pressure the market. Kendrick also highlights the impact of issues such as US tariffs, the Ukraine conflict, and potential changes to tax policy on Bitcoin's price fluctuations. He suggests that Bitcoin could recover once these issues stabilize but warns of potential downward risks. Kendrick mentions President Trump's announcement of a strategic crypto reserve that includes digital assets beyond Bitcoin, noting that this has increased market volatility. He also examines MicroStrategy (now rebranded as Strategy), stating that the company's stock performance is closely tied to Bitcoin's performance. Kendrick notes that the stock has fallen to levels seen after the US elections, but it remains unclear if this is the bottom due to global economic uncertainty. He also warns that MicroStrategy's stock could fall further if Bitcoin reaches new yearly lows.



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