Odaily News Geoff Kendrick of Standard Chartered Bank said in a report that Bitcoin could rise to a record high if market concerns about the independence of the Federal Reserve persist. He said that because Bitcoin uses decentralized ledger technology, the cryptocurrency is a hedge against risks in the existing financial system. Currently, this situation is emerging as U.S. Treasuries are at risk after U.S. President Trump hinted that he might replace Federal Reserve Chairman Jerome Powell because he hopes to cut interest rates. Kendrick said that the yield premium that investors demand for buying long-term Treasury bonds over short-term Treasury bonds has risen sharply, and Bitcoin has benefited from this. According to data from the London Stock Exchange Group (LSEG), Bitcoin rose to a six-week high of $90,459. Standard Chartered expects Bitcoin to rise to $200,000 by the end of 2025.