Bitcoin has been experiencing volatility due to market factors and geopolitical events, making it difficult to predict its price. Standard Chartered’s Geoffrey Kendrick believes recent declines in Nasdaq futures and Bitcoin prices may signal a bottom, but uncertainty around issues such as tariffs and tax policy continue to pose downside risk. President Trump’s announcement of a strategic crypto reserve has also impacted market volatility. Kendrick also discussed the relationship between MicroStrategy’s stock performance and Bitcoin, noting potential further falls in both if Bitcoin prices decline.

Leave a Reply