Bitcoin Will Hit $500,000 by 2028 – Standard Chartered

Standard Chartered’s Geoffrey Kendrick envisions a dramatic rise for Bitcoin, forecasting a price of $500,000 by 2028.

He links this potential surge to easier investor access and reduced market volatility, particularly as institutional participation grows.

Kendrick highlights the impact of U.S. spot Bitcoin ETFs, which launched in early 2024 and have already attracted substantial inflows.

He argues that as these ETFs mature and financial instruments like options expand, Bitcoin’s volatility will decline, making it more attractive to long-term investors.

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Drawing a parallel to gold’s price trajectory after the introduction of exchange-traded products, he anticipates Bitcoin will experience a similar rapid appreciation.

Further optimism stems from regulatory changes under the Trump administration, including the removal of accounting restrictions on corporate Bitcoin holdings and a push to evaluate a national digital asset reserve.

Kendrick believes these factors will fuel institutional adoption and drive Bitcoin’s price through key milestones—$200,000 by the end of 2025, $300,000 in 2026, and ultimately reaching $500,000 before 2029.

Alexander Zdravkov