According to the information from the Wise Finance APP, Standard Chartered Bank stated in a research report on Tuesday that as the Federal Reserve monetizes government debt, the risk of the dominance of the U.S. fiscal position is increasing. Investors are seeking alternative assets, which is expected to support the trend of cryptocurrencies. In addition, Trump may also become a positive factor for cryptocurrencies.Earlier, Standard Chartered Bank was bullish on the rise of Bitcoin at the end of April. At that time, the Middle East situation caused a short-term retreat in Bitcoin, and warnings were issued by peers such as Morgan Stanley that Bitcoin might fall after the &#34;halving&#34;. However, Standard Chartered Bank persisted in its year-end target price of $150,000, meaning it would double from the March high.This time, Standard Chartered Bank reiterated its year-end target price for Bitcoin at $150,000 and the year-end target price for 2025 at $200,000.The report stated: &#34;We believe that Trump will have a positive impact on cryptocurrencies during his second term through a more favorable regulatory environment.&#34; Analyst Geoff Kendrick wrote: &#34;With the dominance of the U.S. fiscal position, we believe that Bitcoin (BTC) will provide a good hedge against de-dollarization and declining confidence in the U.S. Treasury market.&#34;Kendrick said, &#34;The dominance of the U.S. fiscal position may have three effects on the U.S. Treasury curve: the nominal curve of the 2-year/10-year Treasury steepens, the rise in the critical yield is greater than the actual yield, and the term premium increases.&#34;The bank stated that if Trump wins the election, his second government may accelerate the withdrawal of foreign official U.S. Treasury buyers due to fiscal issues. It pointed out that during his first term, the average annual net selling of U.S. Treasuries was $207 billion, while during Biden's presidency, it was only $55 billion.The report added: &#34;In addition to the passive boost of de-dollarization on Bitcoin, we expect Trump's second government to actively support Bitcoin (and a broader range of digital assets) by relaxing regulations and approving U.S. spot ETFs.&#34;

Standard Chartered Bank predicts that the price of Bitcoin will reach $150,000 by the end of the year, benefiting from the dominant position of the U.S. economy and Trump's victory. Standard Chartered stated that with increased financial risks in the U.S., investors will seek alternative assets, and cryptocurrencies will be supported. Trump may actively support Bitcoin by relaxing regulations and approving a U.S. spot ETF. It is expected that in Trump's second term, the withdrawal of foreign official U.S. Treasury bond buyers will accelerate, further promoting the de-dollarization of Bitcoin

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Standard Chartered reiterates Bitcoin to reach $150,000 by the end of the year! The reason given this time: may benefit from Trump's victory