According to Standard Charted, the first month of US President Donald Trump was very unstable for risk assets, but his administration will probably be positive for Bitcoins in the long run.

In an interview for February 27 with CNBCGeoffrey Kendrick, head of the Digital Asset Research, Standard Khartered, said that he expected the Bitcoin (BTC) price to reach USD 200,000 this year before it increased to USD 500,000 before President Trump ends his second term. He cited the growing institutional adoption and the potential of clearer regulations as positive catalysts.

Despite the recent variability, cryptographic markets should become less rocky over time, because more institutions are adopting a class of assets, said Kendrick. These players will also soften security threats, which seem inseparably related to cryptographic protocols, as evidenced by the last $ 1.4 billion Hack Crypto Exchange Bybit.

“We need traditional financial players such as the Khartered standard, such as Blackrock and others who now have ETF to really enter,” said Kendrick. “It is institutions such as ours now offer care companies that are much safer than hacks.”

“As the industry becomes more institutionalized, it should be safer,” he said.

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Bitcoin stomach variability

Since reaching the highest level above $ 109,000 in January, the Bitcoin price has dropped to over three years of the lowest level of around $ 80,000 this week, when President Trump confirmed his tariff threats for China and allies in Mexico and Canada.

Tariffs for Canadian and Mexican goods planned for life on March 4 “will actually enter into force as planned,” said Trump about Truth Social.

According to the Bitcoin market commentator, reacting so violently to tariff threats suggests that digital assets have become highly correlated with Kobeissi letter.

Global Investor Makro Julien Small he said The recent withdrawal of Bitcoin is “normal on bull markets”, especially at a huge price at the presidential election in the USA.

Meanwhile, Jamie Coutts, the main cryptographic analyst at Real Vision, said that two of the three “basic liquidity” as part of it became stubborn after a recent sale. Expanding the balances of central banks and the growing global money supply usually returned to bitcoins well. The only domino left to fall is the American dollar.