Bitcoin Is 'The Best Of Tech,' Standard Chartered Says

Bitcoin Is 'The Best Of Tech,' Standard Chartered Says

Bitcoin (CRYPTO: BTC) is increasingly demonstrating a dual identity—mirroring the performance of high-growth tech stocks while simultaneously acting as a hedge against broader financial uncertainty, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. In a market note shared with Benzinga on Friday, Kendrick highlighted recent trading behavior that shows Bitcoin aligning with top technology stocks, particularly …

Bitcoin decoupling from tech stocks indicates new geopolitical use as economic hedge – StanChart - TECHTELEGRAPH

Bitcoin (BTC) outperformed most major tech stocks on April 3 and April 4 as markets reeled from steep losses across the so-called “Magnificent Seven” (MAG7). Standard Chartered head of digital asset research Geoffrey Kendrick said Bitcoin’s relative resilience signals a growing role as a dual-purpose asset — part growth trade, part hedge against macro risks. In an April 4 research note shared with CryptoSlate, Kendrick highlighted that all seven…

Bitcoin decoupling from tech stocks indicates new geopolitical use as economic hedge – StanChart - Coin Surges

Bitcoin (BTC) outperformed most major tech stocks on April 3 and April 4 as markets reeled from steep losses across the so-called “Magnificent Seven” (MAG7). Standard Chartered head of digital asset research Geoffrey Kendrick said Bitcoin’s relative resilience signals a growing role as a dual-purpose asset — part growth trade, part hedge against macro risks. In an April 4 research note shared with CryptoSlate, Kendrick highlighted that all seven…

The bitcoin could jump to $88,500 this weekend, according to Standard Chartered. Indeed, far from a simple uphill prediction, this projection inserts into a complete rereading of the role of the asset. For the bank, the BTC does not mimic more gold. It now behaves as a leading technological value, capable of going through macroeconomic shocks. In a market under stress, this position redraws the lines of an asset in full strategic moult. The Stan…

Standard Chartered says ‘HODL’ bitcoin, sees $88,500 return this weekend as it becomes a 'US isolation' hedge

Michael Saylor Says Bitcoin Volatility Reflects Its Utility

Michael Saylor, chairman of Strategy, has once again emphasized the significance of the volatility of Bitcoin, asserting that it is a direct result of its utility.  According to Saylor, Bitcoin’s volatility is due to its liquidity and 24/7 availability. These characteristics make it more susceptible to sharp sell-offs during market panic. However, Saylor reinforced that while Bitcoin may behave as a risk asset in the short term, its long-term va…