Bitcoin Is 'The Best Of Tech,' Standard Chartered Says

Standard Chartered says ‘HODL’ bitcoin, sees $88,500 return this weekend as it becomes a 'US isolation' hedge

Bitcoin Is 'The Best Of Tech,' Standard Chartered Says

Bitcoin (CRYPTO: BTC) is increasingly demonstrating a dual identity—mirroring the performance of high-growth tech stocks while simultaneously acting as a hedge against broader financial uncertainty, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. In a market note shared with Benzinga on Friday, Kendrick highlighted recent trading behavior that shows Bitcoin aligning with top technology stocks, particularly …

Bitcoin decoupling from tech stocks indicates new geopolitical use as economic hedge – StanChart - TECHTELEGRAPH

Bitcoin (BTC) outperformed most major tech stocks on April 3 and April 4 as markets reeled from steep losses across the so-called “Magnificent Seven” (MAG7). Standard Chartered head of digital asset research Geoffrey Kendrick said Bitcoin’s relative resilience signals a growing role as a dual-purpose asset — part growth trade, part hedge against macro risks. In an April 4 research note shared with CryptoSlate, Kendrick highlighted that all seven…

Bitcoin decoupling from tech stocks indicates new geopolitical use as economic hedge – StanChart - Coin Surges

Bitcoin (BTC) outperformed most major tech stocks on April 3 and April 4 as markets reeled from steep losses across the so-called “Magnificent Seven” (MAG7). Standard Chartered head of digital asset research Geoffrey Kendrick said Bitcoin’s relative resilience signals a growing role as a dual-purpose asset — part growth trade, part hedge against macro risks. In an April 4 research note shared with CryptoSlate, Kendrick highlighted that all seven…

The bitcoin could jump to $88,500 this weekend, according to Standard Chartered. Indeed, far from a simple uphill prediction, this projection inserts into a complete rereading of the role of the asset. For the bank, the BTC does not mimic more gold. It now behaves as a leading technological value, capable of going through macroeconomic shocks. In a market under stress, this position redraws the lines of an asset in full strategic moult. The Stan…

Michael Saylor Says Bitcoin Volatility Reflects Its Utility

Michael Saylor, chairman of Strategy, has once again emphasized the significance of the volatility of Bitcoin, asserting that it is a direct result of its utility.  According to Saylor, Bitcoin’s volatility is due to its liquidity and 24/7 availability. These characteristics make it more susceptible to sharp sell-offs during market panic. However, Saylor reinforced that while Bitcoin may behave as a risk asset in the short term, its long-term va…