British multinational bank Standard Chartered predicts in its latest report that the price of Bitcoin (BTC) will reach $500,000 before the end of Donald Trump’s presidential term. Standard Chartered expects Bitcoin to reach $200,000 in 2025, $300,000 in 2026, $400,000 in 2027, and ultimately $500,000 in 2028. Currently, Bitcoin is trading around $98,600, showing a 43% increase from its $68,800 price before Trump’s election victory in November. Standard Chartered’s $500,000 prediction implies a 407% increase from the current price. In this scenario, Bitcoin’s market value will reach $10.5 trillion, possibly surpassing companies like Apple and Microsoft. Additionally, this price would be almost half of the gold market value ($19.4 trillion). Standard Chartered believes that increased investor access, especially after the launch of Bitcoin exchange-traded funds (ETFs) in January 2024, is a key reason for Bitcoin’s price growth. Jeff Kendrik, Head of Global Digital Asset Research at Standard Chartered, stated: ‘Bitcoin ETFs have attracted $39 billion in capital so far, indicating pent-up demand that will be unleashed as investors gain more access to Bitcoin.’ Kendrik also mentioned that the regulatory environment in the United States will become friendlier. The repeal of SAB 121, which required companies to register digital assets as liabilities, is seen as a significant step for the digital currency industry. He added: ‘Trump’s directive on January 23 regarding the national reserve evaluation of digital assets is also crucial, as it could encourage other governments and central banks to invest in Bitcoin.’ You can track the live prices of all tokens and cryptocurrencies on the digital assets’ real-time price page.
