According to Odaily Planet Daily, Standard Chartered Bank analyst Geoff Kendrick said that Bitcoin may exceed the record of $109,000 next week and reach $130,000 between February and March.
Trump signed an executive order on cryptocurrencies last week, and Kendrick noted that the order and the Federal Reserve keeping interest rates stable have helped ease uncertainty surrounding the cryptocurrency rally.
He explained that the market positioning is clearer, and if AI tools reduce inflation, risk assets unrelated to AI, such as Bitcoin, will benefit. As the risks have temporarily subsided, Bitcoin's momentum seems to be increasing again.
