The head of the Standard Chartered digital assets research department said that Bitcoin will rise in price, as the United States has a risk of independence to the federal reserve system responsible for the release of the national currency.

According to Jeffrey Kendrick, Bitcoin plays the role of risk protection. Including from President Donald Trump, striving to take control of the Fed.

“Recently, the first cryptocurrency has reacted more to the dynamics of technological shares against the background of a trade war, but now it may catch up if anxiety regarding the independence of the Fed does not disappear. This can become the driver that will achieve a historical maximum. ”

If the trend is preserved, this will create a good base for increasing the price of an asset in the future, even despite instability in the short term. By the end of the year, Bitcoin is able to reach $ 200,000, and then $ 500,000 in 2028, said the Standard Chartered expert.

Previously, Jeffrey Kendrick declaredthat the first cryptocurrency is able to act as a hedge of risks that intensified due to the US trade war with other countries.