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'Bad Trump To Good Trump' Means Bitcoin Could Go To $102,500, Standard Chartered Says

Author: Murtuza Merchant | February 14, 2025 11:59am

Markets may be shifting from bad Trump to good Trump as risk sentiment improves, according to Geoffrey Kendrick, head of digital assets research at Standard Chartered.

In a note sent to Benzinga, he pointed to lower oil prices, a potential Russia-Ukraine peace deal, and a peak in Trump-related tariff risks as factors supporting a better environment for digital assets.

What Happened: In his latest research note, Kendrick suggested that Bitcoin (CRYPTO: BTC) should start moving higher, with 102,500 as a near-term price target.

His comments come as Bitcoin is up 1.7 percent on Friday morning Eastern time, while Ethereum (CRYPTO: ETH) has gained 3 percent over the last 24 hours. Solana (CRYPTO: SOL) is up 5 percent, while Dogecoin (CRYPTO: DOGE) has surged 7.5 percent, though BNB (CRYPTO: BNB) is down 4.5 percent.

The market's resilience amid inflation concerns and geopolitical uncertainty is reinforcing long-term optimism in digital assets.

Inflation remains a sticky wicket, with the Producer Price Index rising 0.4 percent in January, exceeding the 0.3 percent forecast.

Yet, investors are largely brushing off macroeconomic headwinds, focusing instead on institutional support, ETF momentum, and Bitcoin's ability to hold key levels.

GameStop's (NYSE:GME) potential Bitcoin investment, the SEC's acknowledgment of Dogecoin and XRP (CRYPTO: XRP) ETF filings, and increased institutional adoption all point toward a more structured expansion of the crypto market.

Also Read: Does This SEC Decision Mean Dogecoin, XRP ETFs Are On Their Way?

What Experts Are Saying: Speaking with Benzinga, Stella Zlatareva, editor at Nexo Dispatch, described the market as playing the long game and noted that Bitcoin's recent strength reflects strategic positioning rather than hype.

“Confidence and relief won over concerns in the markets,” Zlatareva said, pointing to institutional support and ETF momentum as key drivers. She added that despite rising inflation, Bitcoin's market structure remains intact, with its historical 200-week moving average acting as a strong technical support..

Kendrick's research note adds to the broader sentiment that, despite near-term macroeconomic concerns, crypto markets are in a phase of recalibration and long-term accumulation.

The shift in risk sentiment, if sustained, could support further gains, particularly as regulatory developments unfold and market structure strengthens.

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Image created using artificial intelligence with Midjourney.

Posted In: $BNB $BTC $DOGE $ETH $SOL $XRP GME

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