Bitcoin Could Benefit From U.S. Fiscal Dominance and a Trump Win, Standard Chartered Says

Investors may seek out alternative assets like crypto due to the risk of U.S. fiscal dominance and the monetization of government debt, the report said.The bank reiterated its year-end bitcoin price target of $150,000 and $200,00 for the end of 2025.

The risk of U.S. fiscal dominance with the monetization of government debt by the Federal Reserve is growing, and such a scenario should be supportive for cryptocurrencies as investors seek out alternative assets, investment bank Standard Chartered said in a research report on Tuesday.Donald Trump could also be a boon for cryptocurrencies. “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment,” the report said. “In a scenario of U.S.

If Trump were to win the election a second administration could accelerate the withdrawal of foreign official U.S. Treasury buyers due to fiscal concerns, the bank said, noting that in his first term average annual net selling of U.S. government debt was $207 billion a year versus only $55 billion under Biden’s presidency.

“In addition to the passive boost to BTC from de-dollarization, we would expect a second Trump administration to be actively supportive of BTC via looser regulation and the approval of U.S. spot ETFs,” the report added. Standard Chartered reiterated its bitcoin end of year target of $150,000 and $200,000 for year-end 2025.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

Source: News Formal (newsformal.com)

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