{"id":42090,"date":"2025-02-06T03:30:00","date_gmt":"2025-02-06T03:30:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=42090"},"modified":"2025-02-06T03:30:00","modified_gmt":"2025-02-06T03:30:00","slug":"bitcoin-to-500000-standard-chartered-exec-predicts-massive-surge-by-2028","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=42090","title":{"rendered":"Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028"},"content":{"rendered":"

In a recent client note<\/a>, Standard Chartered\u2019s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC\u2019s potential extraordinary price rise to two major factors.<\/p>\n

Factors Propelling BTC Price<\/h2>\n

While 2024 was a landmark year for the world\u2019s largest cryptocurrency \u2013 seeing it reach multiple all-time highs (ATH) and surpass $100,000 for the first time \u2013 2025 has seen more moderate price action. Since January 1, BTC has climbed from around $94,000 to $98,486 as of February 5.<\/p>\n

However, Kendrick believes that from the latter half of 2025 through 2028, Bitcoin could enter another parabolic growth phase. He forecasts BTC reaching $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and ultimately $500,000 by the end of 2028.<\/p>\n

Kendrick attributes this ambitious price trajectory to two key factors: improved investor access and decreasing volatility. The approval of spot Bitcoin exchange-traded funds (ETFs) in the US in January 2024 significantly simplified investor access to BTC.<\/p>\n

Additionally, as Bitcoin\u2019s price and market capitalization grow, its volatility has been decreasing. A larger market cap makes it more difficult for any single trader or entity to manipulate BTC\u2019s price.\u00a0<\/p>\n

Kendrick expects this trend to continue as ETF markets mature and supporting financial infrastructure within the crypto market strengthens. Kendrick added:<\/p>\n

The ETFs have attracted a net $39 billion of inflows so far, supporting the theory of pent-up demand being unleashed by increased access. Donald Trump\u2019s January 23 order that the administration evaluate a potential national digital assets stockpile is also important, as this could encourage other central banks to consider Bitcoin investments.<\/p>\n

If Trump\u2019s administration moves forward with establishing a national digital assets reserve, Bitcoin\u2019s volatility could decline even further. This could attract traditionally risk-averse investors who were previously hesitant due to BTC\u2019s price swings.<\/p>\n

Bitcoin Price Forecasts Have Bullish Undertones<\/h2>\n

Over the past few days, BTC has faced increased<\/a> volatility, briefly plummeting to $91,000 amid concerns over US trade tariffs on Mexico, Canada, and China. However, analysts remain confident in Bitcoin\u2019s long-term bullish outlook.<\/p>\n

For instance, seasoned crypto trader Alex Becker recently stated<\/a> that a $150,000 price target for BTC is too conservative. Likewise, a report<\/a> by CryptoQuant predicts BTC could reach anywhere between $145,000 and $249,000 under a Trump administration.<\/p>\n

On-chain data also suggests<\/a> that Bitcoin \u2018whales\u2019 \u2013 investors controlling crypto wallets with large BTC holdings \u2013 are positioning themselves for a bullish price trajectory, signaling confidence in BTC\u2019s long-term growth under the Trump regime. At press time, BTC trades at $98,486, down 1.3% in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

In a recent client note, Standard Chartered\u2019s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC\u2019s potential extraordinary price rise to two major factors. Factors Propelling BTC Price While 2024 was a landmark year for the world\u2019s largest cryptocurrency \u2013 […]<\/p>\n","protected":false},"author":0,"featured_media":42091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42090"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42090"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/42091"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}