Standard Chartered highlights a scenario where increasing fiscal dominance might lead to a supportive environment for cryptocurrencies like Bitcoin. According to the bank’s report, such economic conditions could make Bitcoin an attractive hedge against potential de-dollarization and waning confidence in the U.S. Treasury market. Standard Chartered suggests that a second Trump administration might accelerate the withdrawal of foreign official buyers from the U.S. Treasury market due to fiscal concerns, a trend that was evident during Trump’s first term. Further, the bank anticipates that Trump’s potential reelection could lead to a more supportive regulatory environment for digital assets. According to CoinDesk’s article, Standard Chartered maintains an optimistic outlook on Bitcoin’s price amid these analyses, reiterating its target of $150,000 by the end of the year and $200,000 by the end of 2025.

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