Standard Chartered believes that Bitcoin can serve as a tool to hedge against tariff risks, especially in the context of rising isolationism in the United States. Geoffrey Kendrick, the global head of digital asset research, pointed out that Bitcoin may benefit from the increased risks associated with holding fiat currency. Despite the recent decline in Bitcoin's price, its performance still outshines that of most tech stocks. Kendrick predicts that Bitcoin's price will see significant increases in the coming years and holds an optimistic view on the prospects of the Avalanche blockchain.