Could Bitcoin be the lifeboat in the stormy seas of economic uncertainty? According to Jeffrey Kendrick, the global head of digital asset research at Standard Chartered, Bitcoin might just be the answer. He recently shared his thoughts in a note, suggesting that Bitcoin could become a safe-haven asset against the growing price risks as signs of U.S. protectionism begin to surface.

Here are the key takeaways from Kendrick’s perspective:

• Kendrick views U.S. isolationism as an opportunity for Bitcoin to shine.
• Despite the market’s ups and downs, Bitcoin still has some bold price predictions: it could hit $500,000 by 2028.

Bitcoin: A Hedge Against U.S. Isolationism?

Kendrick believes that America’s growing trend of isolationism is similar to the increasing risks tied to holding fiat currencies. As the world grows more fragmented, Bitcoin stands to benefit. This was his message, even as Bitcoin’s price dipped below $80,000 over the weekend. Still, Kendrick highlights a crucial support level at $76,500 for the cryptocurrency.

While acknowledging the current market downturn, Kendrick points out that Bitcoin continues to outperform most tech stocks, with the exception of giants like Microsoft and Google. The volatility over the past few days, he suggests, is mainly due to macroeconomic uncertainty, especially the escalating trade tensions between the U.S. and its international partners.

The Crypto Market in Turmoil

Despite the stormy waters of the crypto market, Kendrick remains optimistic. His forecasts show that by the end of 2025, Bitcoin could soar to $200,000. Fast forward to 2026, and he sees it reaching $300,000, with a potential peak of $500,000 by 2028. These bold predictions are rooted in his belief that Bitcoin will increasingly serve as a hedge against global economic instability.

Kendrick isn’t just bullish on Bitcoin, though. He’s also got high hopes for Avalanche (AVAX), predicting that its token could increase more than tenfold by 2029. However, when it comes to Ethereum, he’s slightly more cautious, lowering his price target for 2025 to $4,000.

In the midst of market chaos, experts like Kendrick are viewing Bitcoin as a potential safeguard against the shifting tides of economic risks, especially those tied to U.S. isolationism. With Bitcoin’s price possibly reaching $500,000 by 2028, it’s clear that the cryptocurrency might continue to draw the attention of investors seeking refuge from the unpredictable global economy.