Standard Chartered Says Bitcoin Can Hit $500,000 Before Trump Leaves Office

With the cryptocurrency marketplace thriving since November of past year, determination are precocious hopes for its potential. Among the astir bullish connected the plus people is Standard Chartered Bank, which projects that Bitcoin (BTC) tin scope $500,000 earlier US President Donald Trump leaves office.

Indeed, the $870 cardinal plus manager has said that the starring crypto could surge earlier 2028 comes to a close. Specifically, expert Geoffrey Kendrick has noted that improved entree and constricted volatility could propel the token to a monumental grounds price.

JUST IN: $870 cardinal plus manager Standard Chartered Bank says Bitcoin could scope $500,000 earlier President Trump leaves office.

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Standard Chartered Expects Bitcoin to Hit $500k Before 2028

The commencement of the twelvemonth has been notably up and down for the cryptocurrency market. Bitcoin has struggled to support a presumption supra the $100,000 people contempt increasing favorable regularisation successful the United States. However, that has not stopped experts from being progressively bullish connected its price.

ARK Invest has precocious predicted the starring crypto to scope a $1.5 cardinal price. They are surely not alone. $870 cardinal plus manager Standard Chartered Bank has said that Bitcoin tin deed a $500,000 terms earlier US President Donald Trump leaves bureau successful 2028.

Source: AP Photo/Evan Vucci

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Specifically, expert Geoffrey Kendrick noted some entree and lessened volatility volition beryllium the driving factors. “Access is improving nether the Trump administration,” Kendrick told The Block. “Institutional inflows volition proceed to stitchery pace. And [volatility] volition gradually travel little arsenic the prime of flows improves and different infrastructures (e.g., options markets) expand.”

In a Wednesday probe note, Kendrick noted that Spot Bitcoin ETFs have been monumental successful expanding access. The concern conveyance has already brought successful $39 cardinal successful nett inflows. As that marketplace continues to mature, they enactment it could beryllium captious to its growth. Additionally, Kendrick expects adjacent much pro-crypto authorities from the pro-crypto president. That volition lone acceptable it up to proceed gaining into his 2nd term.