到2025年底，比特幣（BTC/USD）將達到200,000美元，標準特許雙打的Geoffrey Kendrick

標準憲章中數字資產研究的全球數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）對他的長期預測表示了重新信心

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, has expressed renewed confidence in his long-term prediction that Bitcoin BTC/USD will reach $200,000 by the end of 2025, despite recent price volatility.

Standard Chartered的數字資產研究負責人Geoffrey Kendrick對他的長期預測表示，儘管最近的價格波動，但他對比特幣BTC/USD的長期預測表示了重新信心。

In a detailed analysis released Tuesday, Kendrick remains unfazed by near-term volatility driven by Donald Trump administration tariff uncertainties and recession concerns, arguing that these factors strengthen his bullish outlook for the cryptocurrency.

在周二發布的詳細分析中，肯德里克（Kendrick）仍然對唐納德·特朗普（Donald Trump）政府關稅的不確定性和衰退問題所驅動的近期波動不安，認為這些因素加強了他對加密貨幣的看漲看法。

His stance comes as risk assets, including Bitcoin, are facing downward pressure, yet Kendrick sees the current environment as reinforcing his earlier forecast.

他的立場出現是因為包括比特幣在內的風險資產正面臨著向下壓力，但肯德里克（Kendrick）認為當前的環境增強了他的早期預測。

Kendrick's analysis highlights Bitcoin's recent performance, noting a decline that brought its price close to the Nov. 6, 2024, post-election range of $69,000 to $76,500.

肯德里克（Kendrick）的分析強調了比特幣最近的表現，並指出下降的價格接近2024年11月6日，大選後69,000美元至76,500美元。

He compared Bitcoin's 30-day implied annualized volatility—currently at 55%—to the “Magnificent Seven” U.S. stocks, finding that Bitcoin's losses align with this group on a volatility-adjusted basis since President Trump's inauguration.

他將比特幣的30天暗示性波動率（目前為55％）比較了“巨大的七”股票，發現自特朗普總統就職以來，比特幣的損失與該組的損失與該組的損失保持一致。

"I would argue that BTC has traded solidly within this mag 7 + BTC group, on a vol adjusted basis for sure," Kendrick stated, suggesting the cryptocurrency's struggles reflect broader risk asset weakness rather than specific digital asset issues.

肯德里克說：“我認為，BTC肯定是在調整後的MAG 7 + BTC集團中牢固地交易的。”

Tesla (NASDAQ:TSLA) saw the steepest decline, while Meta (NASDAQ:META) and Apple (NASDAQ:AAPL) performed best, with others mirroring Bitcoin's trajectory.

特斯拉（納斯達克股票代碼：TSLA）的下降幅度最高，而Meta（Nasdaq：Meta）和Apple（NASDAQ：AAPL）表現最好，而其他人則反映了比特幣的軌跡。

The analyst outlined two potential catalysts for a market recovery: tariff clarity, which he deems unlikely, or an accelerated Fed rate cut, with the May meeting's odds shifting from 50% to 75%, which Kendrick considers possible.

分析師概述了兩種潛在的市場回收催化劑：他認為不太可能的關稅清晰度，或者是加速的美聯儲降低稅率，五月會議的賠率從50％轉移到75％，肯德里克認為這可能是可能的。

Also Read: Can Donald Trump End The War In Ukraine? Polymarket Traders Say The Odds Are Rising, But One Question Is Key

另請閱讀：唐納德·特朗普（Donald Trump）可以在烏克蘭結束戰爭嗎？多聚市場交易者說賠率正在上升，但一個問題是關鍵

Despite Bitcoin hovering above the Nov. 6 high of $76,500, Kendrick warned that a break below this level could trigger a swift drop to $69,000.

儘管比特幣徘徊在11月6日高76,500美元的高處，但肯德里克（Kendrick）警告說，低於此水平的休息可能會迅速下降至69,000美元。

However, he remains focused on the long term.

但是，他仍然專注於長期。

"My longer term thesis remains undaunted by this near term noise/frustration. In fact given all this noise increases Fed rate cut chances I am more emboldened in my longer term view," Kendrick asserted, emphasizing that economic uncertainty bolsters his $200,000 target.

肯德里克（Kendrick）斷言：“我的長期論文對這種近期的噪音/挫敗感並不感到恐懼。實際上，考慮到所有這些噪音增加了降低的速度機會，我在從長遠的角度看來更加膽大。”

Rock Zhang, Founder and CEO of Network3, an AI Layer2 platform, provided additional context on the macroeconomic landscape.

AI Layer2平台Network3的創始人兼首席執行官Rock Zhang提供了有關宏觀經濟景觀的其他背景。

"The upcoming release from the Consumer Price Index (CPI) will add color to what we already know, that inflation is still too high," Zhang said, noting that an early Fed rate cut could spark equity downturn fears if tied to recessionary indicators like rising unemployment or slowing consumer spending.

張說：“即將發行的消費者價格指數（CPI）的發布將為我們已經知道的東西增添色彩，通貨膨脹仍然太高了。”他指出，如果早期的美聯儲降低速度降低，如果與衰退指標有關，例如失業或減速消費者的消費者，可能會引起股票低迷的恐懼。

"If economic data deteriorates rapidly, this might force the Fed's hand to act, but the market's reaction will depend on whether cuts are seen as proactive or as a response to recessionary indicators.”

“如果經濟數據迅速惡化，這可能會迫使美聯儲的手行動，但是市場的反應將取決於削減是主動的還是對經濟衰退指標的回應。”

This suggests that Fed actions could shape market dynamics, potentially benefitting Bitcoin over time.

這表明美聯儲的行動可以塑造市場動態，隨著時間的流逝，可能會使比特幣受益。