{"id":20944,"date":"2025-02-06T10:11:33","date_gmt":"2025-02-06T08:11:33","guid":{"rendered":"https:\/\/forklog.com\/en\/standard-chartered-predicts-bitcoin-to-reach-500000\/"},"modified":"2025-02-06T10:11:33","modified_gmt":"2025-02-06T08:11:33","slug":"standard-chartered-predicts-bitcoin-to-reach-500000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-predicts-bitcoin-to-reach-500000\/","title":{"rendered":"Standard Chartered Predicts Bitcoin to Reach $500,000"},"content":{"rendered":"

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<\/a>.<\/p>\n

<\/p>\n

\n\u201cInvestor access [to the asset] significantly improved under the [Donald] Trump administration,\u201d explained analyst Geoffrey Kendrick. \u201cInstitutional inflows continue to grow, and volatility gradually decreases as the quality improves and infrastructure expands, such as options markets.\u201d
<\/cite><\/p><\/blockquote>\n

In his view, a significant factor in Bitcoin’s global acceptance was the launch<\/a> of spot ETFs in the US. This has increased capital inflow into the industry. <\/p>\n

The ‘Gold’ Factor<\/h2>\n

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 \u2014 but in just two years, not seven.<\/p>\n

\n\u201cAs volatility decreases, the share of the first cryptocurrency in an optimized two-asset portfolio with gold increases,\u201d he added. \u201cInvestor accessibility and minimal fluctuations should lead to long-term price growth as portfolios gradually move towards their optimal or logical state.\u201d<\/cite><\/p><\/blockquote>\n

Kendrick also highlighted positive factors in the context of the Trump administration’s actions \u2014 notably, the repeal of accounting rule SAB 121<\/a>, which restricted companies related to digital assets. He also noted Trump’s directive<\/a> to assess the prospects of creating a crypto reserve. In his opinion, the latter could encourage central banks to invest in Bitcoin.<\/p>\n

\n\u201cGiven 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,\u201d the expert concluded.<\/cite><\/p><\/blockquote>\n

Earlier, Standard Chartered forecasted<\/a> Bitcoin to reach $112,000-130,000 in the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":1,"featured_media":20943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1347],"class_list":["post-20944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20944"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20943"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}