SC "Bitcoin to Become a Hedge Against Tariff Risks"

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Summary

Jeffrey Kendrick of Standard Chartered stated that Bitcoin will become a hedge against global tariff risks.
Kendrick predicted that the U.S. isolationist policies will increase risks to fiat currencies, positively impacting Bitcoin.
In times of increased uncertainty, Bitcoin is proving to be a useful asset in various scenarios, and the current appropriate strategy is HODL.

As risky assets plummet due to U.S. President Donald Trump's tariff policies, there is a claim that Bitcoin (BTC) will become a hedge against tariff risks.

According to DL News on the 7th (local time), Jeffrey Kendrick, an analyst at Standard Chartered (SC), stated in a report that "Bitcoin will become a hedge against global tariff risks."

He said, "The isolationist policies of the U.S. increase risks to fiat currencies, which is ultimately positive for Bitcoin," and predicted, "As Bitcoin has historically recorded higher returns than the U.S. major tech stocks 'Magnificent 7', it will soon recover to $84,000."

Previously, Kendrick mentioned, "In times of increased uncertainty, Bitcoin is proving to be a useful asset in various scenarios," and said, "The most appropriate strategy now is 'HODL'."

As of 5:39 PM, Bitcoin is trading at $76,547 on the Binance USDT market, down 7.66% from 24 hours ago.

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