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

Odaily reports that Geoff Kendrick, an analyst at Standard Chartered Bank, said that Bitcoin may surpass its record of around $109,000 next week, and its price may reach up to $130,000 between February and March. Trump signed a cryptocurrency executive order 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 drag on the cryptocurrency rally has dissipated. He explained: "The market positioning is clearer, and in any case, if lower-cost AI tools (marginally) reduce inflation, risk assets unrelated to AI, such as Bitcoin, should benefit. As the risk temporarily subsides, the momentum of Bitcoin seems to be strengthening again." (Businessinsider)