Bitcoin (BTC) Price to Reach $500K by 2028: Standard Chartered
Standard Chartered predicts that the price of Bitcoin (BTC) could reach $500,000 by 2028, driven by increased investor access and reduced volatility. The bank's analysts believe that as the U.S. exchange-traded fund (ETF) market matures, institutional inflows into Bitcoin ETFs will rise, enhancing Bitcoin's role as a hedge against traditional financial issues. This forecast aligns with expectations of Donald Trump remaining in the White House during this period. Standard Chartered's projections include an end-of-year target of $200,000 for Bitcoin in 2025 and an increase to $300,000 by 2026. Currently trading around $98,000, Bitcoin's potential growth is linked to changes in the bitcoin-gold ratio and enhanced investor sentiments, particularly amid concerns over the U.S.-China trade relations.
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