Bitcoin Eyes $80,000 Amid Tariff Risk Hedge Narrative

Standard Chartered analysts suggest Bitcoin could act as a hedge against tariff risks amid signs of U.S. isolationism. This perspective comes as Bitcoin attempts to stabilize around $80,000 on April 8, 2025, after a volatile period. Geoffrey Kendrick from Standard Chartered has noted that U.S. isolationism may increase the risks of holding fiat currency, potentially benefiting Bitcoin. Bitcoin is currently trading around $80,251.25, up nearly 3.77%, with a market cap of $1.59 trillion. Recent market activity saw Bitcoin drop below $75,000 before recovering, leading to substantial liquidations. Kendrick has previously set a price target of $200,000 for Bitcoin by the end of 2025, with a longer-term projection of $500,000. While some analysts like Kendrick remain optimistic, others caution about potential short-term volatility and the influence of macro factors. Overall, the discussion highlights Bitcoin's evolving role in the face of global economic uncertainties.