到2025年底，比特币（BTC/USD）将达到200,000美元，标准特许双打的Geoffrey Kendrick

标准宪章中数字资产研究的全球数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）对他的长期预测表示了重新信心

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的数字资产研究负责人Geoffrey Kendrick对他的长期预测表示，尽管最近的价格波动，但他对比特币BTC/USD的长期预测表示了重新信心。

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.

在周二发布的详细分析中，肯德里克（Kendrick）仍然对唐纳德·特朗普（Donald Trump）政府关税的不确定性和衰退问题所驱动的近期波动不安，认为这些因素加强了他对加密货币的看涨看法。

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

他的立场出现是因为包括比特币在内的风险资产正面临着向下压力，但肯德里克（Kendrick）认为当前的环境增强了他的早期预测。

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）的分析强调了比特币最近的表现，并指出下降的价格接近2024年11月6日，大选后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.

他将比特币的30天暗示性波动率（目前为55％）比较了“巨大的七”股票，发现自特朗普总统就职以来，比特币的损失与该组的损失与该组的损失保持一致。

"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.

肯德里克说：“我认为，BTC肯定是在调整后的MAG 7 + BTC集团中牢固地交易的。”

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（纳斯达克股票代码：TSLA）的下降幅度最高，而Meta（Nasdaq：Meta）和Apple（NASDAQ：AAPL）表现最好，而其他人则反映了比特币的轨迹。

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.

分析师概述了两种潜在的市场回收催化剂：他认为不太可能的关税清晰度，或者是加速的美联储降低税率，五月会议的赔率从50％转移到75％，肯德里克认为这可能是可能的。

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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.

尽管比特币徘徊在11月6日高76,500美元的高处，但肯德里克（Kendrick）警告说，低于此水平的休息可能会迅速下降至69,000美元。

However, he remains focused on the long term.

但是，他仍然专注于长期。

"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）断言：“我的长期论文对这种近期的噪音/挫败感并不感到恐惧。实际上，考虑到所有这些噪音增加了降低的速度机会，我在从长远的角度看来更加胆大。”

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

AI Layer2平台Network3的创始人兼首席执行官Rock Zhang提供了有关宏观经济景观的其他背景。

"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.

张说：“即将发行的消费者价格指数（CPI）的发布将为我们已经知道的东西增添色彩，通货膨胀仍然太高了。”他指出，如果早期的美联储降低速度降低，如果与衰退指标有关，例如失业或减速消费者的消费者，可能会引起股票低迷的恐惧。

"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.”

“如果经济数据迅速恶化，这可能会迫使美联储的手行动，但是市场的反应将取决于削减是主动的还是对经济衰退指标的回应。”

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

这表明美联储的行动可以塑造市场动态，随着时间的流逝，可能会使比特币受益。