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Bitcoin Price Will Reach $500,000 During Trump’s Presidency: Standard Chartered

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Bitcoin Price Will Reach $500,000 During Trump's Presidency: Standard Chartered

Key Points:

  • Standard Chartered forecasts Bitcoin price could reach $500,000 by the end of Donald Trump’s presidency.
  • The approval of spot Bitcoin ETFs and expanding options markets are expected to fuel institutional investment.

Standard Chartered, the British multinational bank, predicts Bitcoin price could reach $500,000 before the end of Donald Trump’s presidency.

Read more: Bitcoin Price Prediction for 2025 Between $80K and $150K

Standard Chartered Predicts Bitcoin Price Could Reach $500,000 by 2028

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, stated on Wednesday that greater access to Bitcoin, coupled with a reduction in its volatility, will drive its price upwards.

Kendrick emphasized that the Trump administration’s policies are fostering institutional investment in the cryptocurrency, particularly through the approval of spot Bitcoin exchange-traded funds (ETFs) and expanding options markets. These developments, he suggests, will help Bitcoin price rise to the $500,000 mark before Trump’s term concludes.

The bank’s broader outlook for Bitcoin includes a steady increase in its value over the next few years, with projections of $200,000 in 2025, $300,000 in 2026, and $400,000 by 2027.

Standard Chartered predicts Bitcoin price will stabilize at $500,000 in 2028. The recent approval of spot Bitcoin ETFs in January 2024, which has already seen $39 billion in inflows, marks a significant turning point for the digital asset market.

Regulatory Changes and Trump’s Executive Orders Fuel Bitcoin Adoption

Another critical factor influencing Bitcoin’s potential growth is the decline in its volatility, which Standard Chartered expects to ease as the ETF market matures. The ongoing development of financial market infrastructure is expected to stabilize Bitcoin’s price fluctuations, further supporting long-term appreciation.

Moreover, Trump’s executive orders, including one to evaluate the possibility of a national digital assets stockpile, could accelerate Bitcoin adoption by institutional investors and central banks.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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John Kojo Kumi

05 February 2025, 14:36:14 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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