Standard Chartered suggests that by 2028, the leading cryptocurrency could reach $500,000. The growth drivers will be widespread adoption among investors and reduced volatility, according to The Block.
“Investor access [to the asset] significantly improved under the [Donald] Trump administration,” explained analyst Geoffrey Kendrick. “Institutional inflows continue to grow, and volatility gradually decreases as the quality improves and infrastructure expands, such as options markets.”
In his view, a significant factor in Bitcoin’s global acceptance was the launch of spot ETFs in the US. This has increased capital inflow into the industry.
The ‘Gold’ Factor
Kendrick drew an analogy with gold: the precious metal’s value increased 4.3 times after the launch of exchange-traded products in 2004. He is confident that Bitcoin ETFs will follow this path — but in just two years, not seven.
“As volatility decreases, the share of the first cryptocurrency in an optimized two-asset portfolio with gold increases,” he added. “Investor accessibility and minimal fluctuations should lead to long-term price growth as portfolios gradually move towards their optimal or logical state.”
Kendrick also highlighted positive factors in the context of the Trump administration’s actions — notably, the repeal of accounting rule SAB 121, which restricted companies related to digital assets. He also noted Trump’s directive to assess the prospects of creating a crypto reserve. In his opinion, the latter could encourage central banks to invest in Bitcoin.
“Given events aligning with our expectations, we continue to forecast BTC growth to $200,000 by the end of 2025. We further expect the price to reach $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028, maintaining this level until the end of 2029,” the expert concluded.
Earlier, Standard Chartered forecasted Bitcoin to reach $112,000-130,000 in the short term.