The presence of new “Liberation Day” duties from the returning Trump administration has thrown the US financial markets into a spiral. The American stock market and the Cryptocurrency sector have actually fought in the middle of the action. However, Default chartered The bank is still Hausse on Bitcoin and repeats the asset’s $ 500,000 for Trump’s second term.
The bank had previously said that the leading Cryptocurrency could reach the landmark prize before the end of Trump’s second stint at Oval Office. But it has been questioned in the middle of the latest decline that has had the asset fall below the level of $ 82,000. However, the belief in its possible resuscitation is still stuck by analysts for some important reasons.
Standard Chartered Reags Bitcoin to $ 500K before 2028
The American stock market is in Shambles Thursday, with the Dow Jones index that loses more than 1400 points. The most important reason seems to be the presence of a 10% baseline tariff set up by the Trump administration. It does not deny that the move will affect a number of financial markets, but will it keep the Cryptocurrency sector back?
There is less concern for digital assets, according to an important institution. Really, Default chartered Repeated its $ 500,000 for Bitcoin before US President Trump’s second term. In fact, the feeling ensures that BTC would reach a new highest time before 2028.
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This perspective is shared by many Cryptocurrency experts, as Bitcoin is still facing a raised view. In the middle of customs drama, Michael Saylor Took to X (formerly Twitter) to say that “there are no customs on bitcoin.” In fact, the falling value in traditional markets can be better for the long -term asset class.