Standard Chartered analyst: Bitcoin may exceed $109,000 in the next few days, setting a new record high

Odaily News Geoff Kendrick, an analyst at Standard Chartered Bank, said that Bitcoin may exceed its record of around $109,000 next week, and its price may be as high as $130,000 between February and March. Trump did sign an executive order on cryptocurrencies last week, and Kendrick said that with the order now in place and the Federal Reserve keeping interest rates stable, the uncertainty that has been a headwind to the cryptocurrency's rise has subsided, he explained: "The market positioning is clearer. In any case, if lower-cost AI tools (at the margin) reduce inflation, then risk assets that are not related to AI, such as Bitcoin, should benefit. With the risk temporarily subsiding, Bitcoin's momentum seems to be gaining again." (Businessinsider)