Standard Chartered projects the Bitcoin price could reach $500,000 by 2028, citing increased investor access and declining volatility as key drivers.
Standard Chartered projects the Bitcoin price could reach $500,000 by 2028, citing increased investor access and declining volatility as key drivers.
| Key Takeaways: – Standard Chartered predicts Bitcoin price could hit $500,000 by 2028, driven by increased investor access and declining volatility. – The bank attributes growth to rising institutional investments in Bitcoin ETFs, Trump’s pro-crypto policies, and the repeal of regulations limiting corporate crypto holdings. |
The British bank outlines a bullish trajectory for the world’s largest cryptocurrency, forecasting a steady climb with milestones of $200,000 in 2025, $300,000 in 2026, and $400,000 in 2027 before hitting the half-million mark.
According to Geoffrey Kendrick, the bank’s global head of digital asset research, Bitcoin’s decreasing volatility is expected as U.S. exchange-traded funds (ETFs) tracking BTC mature. Kendrick notes that investor accessibility is improving under the administration of US President Donald Trump, further boosting demand.
A significant catalyst for Bitcoin’s growth has been the approval of spot Bitcoin ETFs in January 2024, which unlocked substantial investor demand, leading to net inflows of $39 billion. Standard Chartered anticipates continued momentum as the Trump administration promotes crypto adoption.
The recent repeal of SAB 121, a regulation requiring companies holding digital assets to classify them as liabilities, is seen as a major step forward. Additionally, Trump’s executive order on January 23 to explore a national digital asset stockpile could encourage central banks to consider Bitcoin investments.
The bank expects institutional investments in spot Bitcoin ETFs to rise, further supporting its bullish price projections. If Bitcoin price reaches $500,000, its market capitalization would stand at approximately $10.5 trillion, potentially surpassing Apple and Microsoft while representing nearly half of gold’s current $19.4 trillion market cap.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
