Standard Chartered Bank: BTC will reach 500,000 USD during Trump's term

According to Decrypt, Standard Chartered Bank predicts that the price of Bitcoin will reach $500,000 before the end of President Trump's term. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the price of Bitcoin will reach $200,000 in 2025, rise to $300,000 in 2026, reach $400,000 in 2027 and touch $500,000 in 2028.

If it reaches the expected price, Bitcoin's market value will reach $10.5 trillion USD which is about half of the current gold market value of $19.4 trillion USD. This prediction is based on a net inflow of $39 billion USD after the launch of US Bitcoin spot ETFs and a more friendly regulatory attitude towards digital assets by Trump administration.