Bitcoin (BTC) Price Prediction from Standard Chartered for 2025

Bitcoin's price could climb significantly if concerns over the Federal Reserve's independence persist

Standard Chartered's global head of digital assets research, Geoffrey Kendrick, has pointed to interesting implications for Bitcoin's price in 2025 should concerns over the Federal Reserve's independence persist.

In a note shared with The Block, Kendrick highlighted that political pressure on central banking could push Bitcoin higher - reinforcing its role as a hedge against government-sector risk.

"The current threat to the Fed's independence via [Fed Chairman Jerome] Powell's potential replacement falls squarely into that category," Kendrick said.

He views Bitcoin as a multi-faceted portfolio asset, particularly valuable in times of systemic stress. While it can hedge against private-sector risks like banking collapses, it also performs well when government institutions come under scrutiny, which is currently the case.

Kendrick noted the correlation between BTC and the 10-year U.S. Treasury term premium, which recently reached a 12-year high, reflecting elevated investor anxiety around long-term interest rates. However, despite this spike, Bitcoin has yet to respond fully.

"Bitcoin has typically moved in tandem with the 10Y term premium," explained Kendrick. "But lately it has lagged, likely because it's been trading more like a high-growth tech stock."

Reaffirming his bullish stance, Kendrick maintains a Bitcoin price target of $200,000 by the end of 2025 and $500,000 by 2028. He noted that Bitcoin's narrative is not static, evolving from a speculative asset into a strategic hedge against both monetary instability and institutional breakdowns.

"Bitcoin serves different roles over time - inflation hedge, digital gold, or hedge against institutional risk," he concluded.