Geoffrey Kendrick, the head of digital asset research at Standard Chartered Bank, predicts that Bitcoin will reach $500,000 by 2028. He attributes this increase to improved investor access and reduced volatility. Kendrick believes the launch of Bitcoin spot exchange-traded funds (ETFs) in January 2024 significantly increased investor access. With the maturity of the ETF market and financial infrastructure improvements, he expects Bitcoin volatility to decrease. Kendrick mentions gold as a useful comparison and expects Bitcoin ETFs to follow a similar path. He also points to further improvements under the Trump administration, including the repeal of SAB 121 and an executive order to evaluate national reserve digital assets. Kendrick forecasts Bitcoin to reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028.
