"But Bitcoin could surge to fresh all-time highs if the U.S. government shutdown continues, according to Geoff Kendrick, head of digital assets at Standard Chartered. Kendrick believes that Bitcoin's historically positive correlation with U.S. Treasury term premiums, suggesting the cryptocurrency may benefit from prolonged fiscal uncertainty. Kendrick noted that during prolonged market stress - conditions that often favor digitally scarce assets - Bitcoin has historically shown remarkable resilience. In this case, the prolonged stress comes from the U.S. government's extended shutdown."
"Standard Chartered's forecast now targets Bitcoin at $135,000 in the near term, with a year-end projection of $200,000, signaling strong confidence in the token's upside potential. Currently, bitcoin trades around $122,200, just shy of its August all-time high of $124,480. Bitcoin has traded sideways in recent months, but key liquidity indicators suggest a breakout may be near. Global M2 growth, stablecoin supply trends, and gold's rally - which Bitcoin has closely tracked with a 40-day lag - all point upward."
Bitcoin rallied from roughly $109,000 on September 27 to above $122,000 in early October 2025. A sustained U.S. government shutdown may amplify fiscal uncertainty and elevate U.S. Treasury term premiums, historically correlating positively with Bitcoin and potentially driving further gains. Institutional forecasts target $135,000 near-term and $200,000 by year-end. Bitcoin currently trades near $122,200, slightly below its August all-time high of $124,480. Liquidity indicators including global M2 growth, stablecoin supply trends, and gold's rally—with Bitcoin reportedly tracking gold with a 40-day lag—suggest conditions that could precipitate a breakout after months of sideways movement.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]