Bitcoin's price, currently around $94,000, is expected to drop to as low as $88,700 before it can reach the coveted $100,000 mark, according to a report by Standard Chartered. Analyst Geoff Kendrick attributed this potential decline to market reactions following Donald Trump's appointment of Scott Bessent as U.S. Treasury Secretary, which led to a drop in treasury yields. Bitcoin had previously surged to an all-time high of $99,645 earlier this month but has since faced a downward trend. Despite this short-term pain, Kendrick remains optimistic about Bitcoin's future, predicting it could climb to $125,000 by the end of this year and reach $200,000 by the end of 2025, fueled by investor confidence in Trump's pro-digital asset policies.

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