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The Standard Chartered Bank has renewed its target on the price of Bitcoin, set at 500,000 dollars. This announcement follows the decision of the President of the United States, Donald Trump, to include Bitcoin in a national strategic reserve.
Geoff Kendrick, head of digital asset research at the bank, stated that the strategy has shifted from “sell into rallies” to “buy into dips”. This new direction aligns with the bank’s previous expectations, which foresee a progressive increase in the price of Bitcoin:
- 200,000 dollars by the end of 2025
- $300,000 by the end of 2026
- $500,000 by the end of 2028
The influence of Trump’s announcement on the price of Bitcoin
The announcement by Trump could trigger a domino effect, pushing individual American states to adopt their own Bitcoin reserves. This scenario could lead states to hold an amount of Bitcoin comparable to that of the federal government.
Matthew Sigel of VanEck emphasized that the legislative proposals for the creation of state strategic reserves of Bitcoin could result in a total purchase of over 242,787 BTC.
The legislative and political context
The announcement by Trump also supports the bill by Senator Cynthia Lummis, which provides for the purchase of 200,000 Bitcoin per year until reaching one million BTC.
Lummis has already discussed the project with the new “Crypto Czar” David Sacks and the Treasury Secretary Scott Bessent, emphasizing the urgency of approving this legislation.
Future prospects for Bitcoin
The recognition of Bitcoin as a strategic asset by the United States could have significant implications for the global cryptocurrency market. It might encourage other countries to consider Bitcoin as a store of value, further strengthening its position in the global financial system.
The forecast by Standard Chartered, which sees Bitcoin at 500,000 dollars by 2028, reflects a growing confidence in the long-term potential of the cryptocurrency.
Final Considerations
The initiative of Trump to include Bitcoin in a national reserve could mark a turning point for the cryptocurrency, influencing both domestic policies and international ones.
The question that many are asking is: will other nations follow the example of the United States, adopting Bitcoin as an integral part of their economic strategies?
This move could redefine the role of cryptocurrencies in the global economic landscape, with implications that could extend far beyond simple investment.
English (US) ·