[Standard Chartered Bank Analyst: If the U.S. Debt Defaults, Bitcoin Will Soar by $20,000]

Jeff Kendrick, head of foreign exchange research at Standard Chartered Bank, recently said that if the United States defaults, the price of Bitcoin could rise by $20,000. According to Kendrick, while Bitcoin is likely to surge when the U.S. defaults, other cryptocurrencies such as ETH are likely to fall. As concerns grow that the U.S. government could default on its debt, Jeff Kendrick says that such an event would cause the price of BTC to surge past $20,000. Although Kendrick described the default as a "low-probability, high-impact event," he still said the top cryptocurrency's reputation for performing well during market declines and its safe-haven status meant a nearly 70% surge in its price was possible of. #BTC #crypto2023