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Amid the ongoing BRICS de-dollarization agenda, global leading banks Standard Chartered and Deutsche Bank provided the latest insights on the US dollar’s future prospects. The two banks remain bearish on the greenback due to various macroeconomic factors. The trillion-dollar banks are now questioning the profitability of US-backed financial assets on a global scale. Also Read: BRICS: US Hits India Where It Hurts Them the Most: Remittance Tax The US-backed assets, especially the dollar, which was once the bedrock of all global finances, is slowly drifting away after BRICS kick-started the de-dollarization initiative, and Standard Chartered and Deutsche Bank are taking notice of the drastic changes that occurred in the markets since three years. Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies BRICS: The US Dollar’s Future Is in Danger, Say Standard Chartered & Deutsche Bank Source: Freepik.com Standard Chartered & Deutsche Bank wrote in their latest repor...

With the leading cryptocurrency eyeing a return to the $100,000 level, one Standard Chartered analyst has apologized for his $120k Bitcoin target, as he says that value “may be too low.” Indeed, the bank’s head of digital assets, Geoffrey Kendrick, had projected the asset to reach a new all-time high as early as Q2. Now, Kendrick has noted that the expectation may actually be underselling what the token is capable of. On Thursday, he noted that the $120,000 milestone looked to be “very achievable.” Yet, amid its recent performance, it may be set to outdo that target price. JUST IN: Standard Chartered Bank analyst apologizes for $120,000 Bitcoin price prediction, says target 'may be too low.' pic.twitter.com/JLcDOPjsK8 — Watcher.Guru (@WatcherGuru) May 8, 2025 Also Read: Bernstein Predicts The Future Of Bitcoin (BTC) And Its Corporate Deployment Standard Chartered Calls Previous $120,000 Bitcoin Target ‘Too Low’ Amid Recent Surge It has been an i...