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Standard Chartered has made a bold prediction regarding Bitcoin’s potential, forecasting that the digital asset could reach an impressive $500,000 before the end of Donald Trump’s presidency.
This optimistic outlook hinges on two key factors: improved regulatory conditions and broader access to Bitcoin.
The bank’s forecast sets Bitcoin on a gradual upward trajectory, with a price target of $200,000 by 2025. From there, it expects the cryptocurrency to climb steadily, surpassing $300,000 in 2026, $400,000 in 2027, and ultimately hitting $500,000 in 2028. Currently valued at approximately $98,600, Bitcoin’s growth could represent a 407% surge from its present position, potentially pushing its market cap to over $10 trillion, which would eclipse the valuations of both Apple and Microsoft.
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A driving force behind this predicted growth is the launch of Bitcoin spot exchange-traded funds (ETFs) in early 2024, which Standard Chartered believes will significantly increase investor access. The success of ETFs has already been evident, with a substantial $39 billion in inflows, signaling that demand for Bitcoin is building.
In addition to ETFs, the evolving regulatory environment in the U.S. plays a crucial role in this outlook. The repeal of regulations such as Staff Accounting Bulletin (SAB) No. 121, which previously forced companies to list digital assets as liabilities, is seen as a positive step forward for the industry.
Moreover, Trump’s recent executive order to assess a national digital assets stockpile could further boost Bitcoin’s credibility and adoption. This move might encourage other central banks to consider adding Bitcoin to their reserves, potentially reducing its volatility and making it an attractive asset for traditional investors. With less price fluctuation, Bitcoin could become a more stable and sought-after asset, increasingly integrated into diversified portfolios.