Overview

According to Standard Chartered, Bitcoin’s price could escalate to $500,000 by 2028 as investor access improves and market volatility declines, which will enhance its role as a hedge against traditional financial issues.

Key Points:

• Standard Chartered projects Bitcoin to rise to $500,000 due to increased accessibility and reduced volatility.
• The bank anticipates this increase will occur while Donald Trump remains in office and is expected to unfold gradually.

Current Analysis:

The price of Bitcoin (BTC) is currently around $98,000. Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, notes that the maturation of the U.S. ETF market is expected to contribute to a decrease in Bitcoin’s volatility over time.

Kendrick also emphasized that access to Bitcoin will improve under Trump’s administration and that institutional investments in spot Bitcoin ETFs are projected to rise, which should lead to significant price appreciation.

Overall, the bank’s target for Bitcoin at year-end is $200,000, followed by $300,000 in 2026. As the price of Bitcoin continues to rise, the bank suggests that its correlation with gold in a diverse investment portfolio will strengthen, enhancing its appeal as a stable asset.

“This is enough to drive Bitcoin to $500,000 before Trump leaves office,” Kendrick stated. Translation: Esto es suficiente para llevar Bitcoin a $500,000 antes de que Trump deje el cargo.

For further updates on market movements and detailed analysis, visit CoinDesk.