Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, predicts that Bitcoin could reach $500,000 by 2028 and $200,000 by the end of 2025. Kendrick attributes this bullish outlook to increasing institutional access and declining market volatility. He expects the approval of US spot...
Standard Chartered is forecasting that Bitcoin will reach $500,000 by 2028, citing factors such as increasing institutional access and declining market volatility. This optimistic outlook is backed by the approval of US spot Bitcoin exchange-traded funds (ETFs) and the potential repeal of laws like SAB 121 and executive orders that could encourage central bank adoption of Bitcoin.
Bloomberg’s senior ETF analyst Eric Balchunas and crypto investor Thomas Kralow have both reacted to Standard Chartered's forecast, with Balchunas calling it bold and Kralow acknowledging its potential realism. Standard Chartered had previously projected Bitcoin to reach $125,000 by 2024, with the recent surge past $100,000 attributed to Trump's election win.
CryptoRank also predicts new all-time highs for Bitcoin in 2025, contingent on US regulatory policies and central bank adoption. Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, is confident that Bitcoin could hit $500,000 by 2028 and $200,000 by the end of 2025. Kendrick highlights increasing institutional access and declining market volatility as key drivers for this bullish projection.
In a recent investor note titled “Bitcoin—Pathway to the $500,000 Level,” Kendrick outlined the two primary factors influencing Bitcoin’s price trajectory - institutional access and declining market volatility. The approval of US spot Bitcoin ETFs and the predicted lower volatility in the BTC market are expected to drive further adoption among institutional investors and lead to significant price appreciation.
According to Kendrick's analysis, Bitcoin could reach $500,000 before Trump leaves office, with prices projected to hit $200,000 by 2025 and continue rising to $300,000 by 2026, $400,000 by 2027, and finally $500,000 in 2028. Balchunas and Kralow have shared contrasting reactions to the forecast, with Balchunas noting that such predictions have been surprisingly accurate in the past.
Overall, the future of Bitcoin remains highly speculative, but with the increasing interest from institutional investors and potential regulatory developments, the $500,000 price target by 2028 may not be as far-fetched as it seems.