Standard Chartered Analyst: Bitcoin Will Surge $20,000 if US Defaults on Debt

On May 4, TuoniaoX.com reported that Standard Chartered Bank's Head of FX Research Jeff Kendrick recently stated that Bitcoin's price could rise by $20,000 if the US defaults. According to Kendrick, while Bitcoin might surge during a US default, other cryptocurrencies like ETH could decline. As concerns grow about the US government potentially defaulting on its debt, Jeff Kendrick stated that such an event would cause BTC's price to surge by over $20,000.