A Major Bank Waiting for 200 Thousand in Bitcoin This Year Expects a Positive Reverse! - Coin Bulletin

Koinbulteni · 2025-04-07T16:46:06+00:00

Geoffrey Kendrick believes Bitcoin can benefit from the increasing tariff risks due to the US's isolationist policies, acting as a protection tool. He predicts Bitcoin's support level around $76,500 and expects it to remain strong amidst the US isolation. Kendrick also provided price targets for Bitcoin, foreseeing $200,000 by 2025 and $400,000 by 2027. Additionally, he has positive expectations for Avalanche (AVAX), estimating it could reach $250 by the end of 2029.

Koinbulteni

2025-04-07 16:46:06

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Bitcoin (BTC) may benefit from the increasing tariff risks along with the U.S.'s “isolationist” policies. Standard Chartered analyst Geoffrey Kendrick stated that Bitcoin could gain value in this process.

In a statement, Geoffrey Kendrick emphasized that the U.S. adopting an isolationist stance increases the risks of fiat currencies and that this would be beneficial for Bitcoin. Kendrick highlighted that Bitcoin could serve as a type of “protection” against tariff risks, in particular. He also noted that after Bitcoin dropped below 80,000 dollars over the weekend, it could remain around 76,500 dollars, which is an important support level.

Kendrick stated that Bitcoin performed better compared to only Microsoft and Google among large technology companies. The analyst viewed Bitcoin as a protective tool against the “U.S. isolation” and predicted that Bitcoin would continue to remain strong in this context. Additionally, he expressed that the headlines regarding tariffs that emerged last week would positively affect the value of Bitcoin, but unless there was a broad risk-off movement in traditional markets, he expected Bitcoin to rise again to $84,000.

Kendrick has set price targets for the rise

Geoffrey Kendrick stated that the target price for Bitcoin by the end of 2025 is $200,000, and he expects levels of $300,000 by the end of 2026 and $400,000 by the end of 2027. He predicts that this upward trend will continue until 2029.

Finally, Kendrick made a positive prediction for Avalanche (AVAX) as well, estimating that AVAX could reach 250 dollars by the end of 2029.

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