Odaily Planet Daily News - Geoff Kendrick of Standard Chartered Bank pointed out in a report that Bitcoin could rise to a record high if market concerns about the independence of the Federal Reserve persist. He said that because Bitcoin uses decentralized ledger technology, this cryptocurrency is a hedge against the risks of the existing financial system. Currently, the risk to U.S. Treasuries is emerging after U.S. President Trump hinted that he might replace Federal Reserve Chairman Jerome Powell because he hopes to cut interest rates. Kendrick said that the yield premium required by investors to buy long-term Treasury bonds relative to short-term Treasury bonds has risen sharply, and Bitcoin has benefited from it. According to data from the London Stock Exchange Group (LSEG), Bitcoin rose to a six-week high of $90,459. Standard Chartered Bank expects Bitcoin to rise to $200,000 by the end of 2025.