Standard Chartered: Bitcoin Still has $500k Target for Trump’s 2nd Term

The beingness of caller ‘Liberation Day’ tariffs from the returning Trump medication has thrown the US fiscal markets into a spiral. Indeed, the US banal marketplace and cryptocurrency assemblage person struggled amid the action. However, Standard Chartered Bank is inactive bullish connected Bitcoin, reiterating the asset’s $500k people for Trump’s 2nd term.

The slope had antecedently said that the starring cryptocurrency could scope the landmark terms earlier the extremity of Trump’s 2nd stint successful the Oval Office. However, that has travel into question amid the caller downturn that has caused the plus to autumn beneath the $82,000 level. However, the content successful its eventual resurgence is inactive held steadfast by analysts for immoderate cardinal reasons.

Source: Lippincott

Also Read: Wall Street Getting Fed-up With Trump’s Tariffs?

Standard Chartered Reaffirms Bitcoin to $500k Before 2028

The US banal marketplace is successful shambles Thursday, with the Dow Jones scale dropping much than 1,400 points. The cardinal crushed appears to beryllium the beingness of a 10% baseline tariff, instituted by the Trump administration. There is nary denying that the determination volition impact a big of concern markets, but volition it clasp the cryptocurrency assemblage back?

There is little interest astir integer assets, according to 1 cardinal institution. Indeed, Standard Chartered reiterated its $500k people for Bitcoin earlier the extremity of US President Trump’s 2nd term. Indeed, the sentiment assures that BTC would scope a caller all-time precocious earlier 2028.

Source: JapanTimes

Also Read: BlackRock’s Game-Changing Bitcoin ETP FCA Approval: Could It Drive Crypto Boom?

“We expect volatility to borderline gradually little erstwhile the ETF marketplace matures, expanding Bitcoin’s stock of an optimal gold-BTC portfolio,” Standard Chartered expert Geoff Kendrick said. “Access positive little volatility could spot Bitcoin scope the $500,000 level earlier Trump leaves office,” helium told BeInCrypto.

This position is shared by galore cryptocurrency experts, arsenic Bitcoin is inactive facing a bullish outlook. Amid the tariff drama, Michael Saylor took to X (formerly Twitter) to accidental that “there’s nary tariffs connected Bitcoin.” Indeed, the falling worth of accepted markets could beryllium amended for the plus people successful the agelong run.