Threat to the independence of the Fed can boost Bitcoin, says Standard Chartered

By Hannah Pérez

After reconquering the $ 90,000 area, Bitcoin can earn more amid Trump’s threats to the central bank’s independence, according to Standard Chartered analysts.

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• Trump attacks that threaten the independence of Fed could be good for Bitcoin.
• Standard Chartered analyst anticipates that Bitcoin could rise in the middle of the tensions in the US.
• Trump has expressed his desire to say goodbye to the head of the Central Bank, Jerome Powell.
• Bitcoin acts as a refuge in times of destabilization of traditional systems.
• The price of Bitcoin exceeded $ 91,000, reaching its highest price since the beginning of March.

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The independence of the United States Federal Reserve (Fed) is under fire now that President Donald Trump criticizes the Central Bank and threatens to dismiss him from his position before he finishes his mandate.

On Monday, Trump intensified his criticism to the president of the FED, Jerome Powell, calling him a “Great loser“On social networks while pressing again for a feat of fees on the warning that the US economy could slow down unless the Central Bank chooses to make its monetary policy moreland.

The president has been insistent that monetary policy formulators should cut the rate types soon, citing solid economic data and lower inflation. But now he went further raising the possibility of getting Powell out of his chair.

“Powell’s termination can’t be quick enough”Trump wrote in a publication in social networks On Thursday, before the White House confirmed that the Administration explores ways to legally dismiss the Fed Chief before its mandate in May 2026. Powell, for its part, has declared that the president cannot dismiss him under the law.

The tensions, which occur in the midst of a climate already agitated by tariffs, have sounded alarms on a possible clash of powers in the United States, where the central bank’s independence could be undermined.

But as these developments generate setbacks to traditional markets, some assets such as Bitcoin They could be benefited. That is at least the opinion of British bank analysts Standard Chartered.

Bitcoin as a refuge against macro destabilizers

In a reading shared with the news media The Blockthe Global Chief of Digital Assets Research of Standard Chartered, Geoffrey Kendrick, projected that Bitcoin It could continue to increase after emerging over USD $ 91,000 on Tuesday in the midst of concerns about the independence of the Federal Reserve.

Kendrick, who classified Bitcoin As a risk asset of the banking and government sector, he said that Fed’s independence problems They could be just what the distinguished cryptocurrency needs to rebound towards a new price maximum.

Bitcoin (BTC) rose on the USD $ 91,000 on Tuesday morning, a price level last seen at the beginning of March, after remaining 20% ​​below its historical record of $ 109,000 conquered in January.

In his analysis, Kendrick noticed that the performance of Bitcoin He has stood out in banking and governmental crisis scenarios, acting as decentralized coverage against traditional systems. In this sense, he assures that The main role of Bitcoin In a portfolio it is to protect investors against the risks for the traditional system.

The bank’s specialist is not alone in this vision. Gerry O’Shea, head of Global Market Insights in Hashdex, commented in a similar way to COINDESK That, in recent years, the price of Bitcoin has set up in moments of political and financial macro junctures.

“In the last five years, Bitcoin has had two -digit returns in the months after important geopolitical and macro events such as the Covid Pandemia, the Russian Ukraine Invasion and the United States banking crisis in 2023“, said.

What Bitcoin needs to achieve new maximum

Kendrick highlighted the strong historical relationship of Bitcoin with the 10 -year Treasury premium of the USA, especially since the beginning of 2024, as an indicator of this refuge status.

“In terms of what is measurable, the current threat is developed through the Treasury term premium, which is now in a maximum of 12 years (10 years)“He wrote, according to coverage.

Although, in recent weeks, Bitcoin It has lagged in front of a strong increase in the premium, a delay that the analyst attributed to the fact that cryptocurrency has negotiated more as a technological action – related to macro holders, such as tariff threats. Still, consider that Bitcoin It has space to update and grow in the middle of the Fed tensions.

“As a result, while Fed’s independence problems continue to develop, I think Bitcoin will continue to rise ”Said Kendrick. “This could be what is needed for the next historical maximum. ”

Standard Chartered has shared optimistic price projections for Bitcoin In the past, anticipating that the digital currency could reach and even exceed an unprecedented record of USD $ 200,000 before the year.

BTC changes hands around $ 91,300 at the time of editing, 5% higher in the last 24 hours.

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Hannah Estefanía Pérez / Diariobitcoin

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