Geoff Kendrick, global head of digital asset research at Standard Chartered, said inflows from institutional investors could drive up the price of bitcoin and ethereum, which are expected to reach $200,000 and $10,000, respectively, by the end of 2025. He expects institutional inflows into bitcoin in 2025 to exceed 2024 levels, with new money likely to come from long-term investment funds such as pension funds. At the same time, he pointed out that institutional inflows could dampen the strength...
Geoff Kendrick, global head of digital asset research at Standard Chartered, said that Bitcoin's breakout of $100,000 is mainly due to the institutionalization of the industry this year, particularly the continued inflow of ETF funds, which have purchased about 3% of the total bitcoin supply in 2024.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said in a report that the flow of funds in bitcoin this year has been dominated by institutional investors, and this situation should continue. After breaking through $100,000, bitcoin could reach $200,000 by the end of 2025. So far this year, institutions have bought 683,000 bitcoins through US spot ETFs, and MicroStrategy has purchased 245,000 bitcoins, a large part of which has been purchased after the US Presidentia...
According to Geoff Kendrick, head of digital asset research at Standard Chartered, and Nick Philpott, co-founder of Zodia Markets, stablecoin applications are expanding from transaction collateral to cross-border transfers, payroll, trade settlements, and remittances, especially in emerging markets such as Brazil, Turkey, Nigeria, India, and Indonesia. According to a YouGov survey, 69% of users use stablecoins for currency substitution, 39% for payment of goods and services, and another 39% for ...
Geoff Kendrick, global head of digital asset research at Standard Chartered, attributes the recent market turmoil, including the fall in bitcoin and the rise in long-term US Treasuries, to a decline in the term premium on US Treasuries. The term premium is the additional yield required by investors to hold long-term bonds rather than roll over short-term bonds. Since bitcoin is often seen as a hedge against the instability of traditional financial marekts, increased confidence in US Treasuries c...
Geoff Kendrick, global head of digital asset research at Standard Chartered, believes that many of Trump's pro-cryptocurrency pledges will drive bitcoin higher, and he expects Trump to override Biden's veto of SAB121, a controversial Securities Exchange Commission (SEC) accounting guideline that critics say has prevented investment banks from offering cryptocurrency custody services on a large scale. Geoff Kendrick believes Trump will achieve this goal soon after taking office on January 20 next...
Geoff Kendrick, analyst at Standard Chartered, told the Financial Times in an interview that the creation of the US National Bitcoin Reserve Fund by Mr. Trump was a "low-probability event". However, since Mr. Trump's election victory, the cryptocurrency market has continued to rise, with bitcoin prices up more than 15 per cent since November 6 and about 80 per cent this year, outpacing traditional investments such as stocks and gold. Richard Teng, chief executive of Binance, called Mr. Trump's v...
According to Standard Chartered analyst Geoff Kendrick, if the Republicans succeed in taking control of both houses of the US Congress, the crypto market capitalization could reach $10 trillion by the end of 2026, an increase of 300% from the current $2.70 trillion. Kendrick believes that a Republican-dominated government could bring friendly policies, such as easing stablecoin regulations and taking a looser stance at the Securities Exchange Commission, promoting major benefits such as bitcoin ...