- Standard Chartered forecasts that Bitcoin could reach $500,000 by 2028, driven by increased institutional investment, regulatory improvements, and reduced volatility.
- The bank believes Bitcoin’s price will continue to rise, making it a dominant force in the global financial market.
In a bold prediction, Standard Chartered foresees Bitcoin soaring to $500,000 before Donald Trump concludes his presidential term. The bank’s analysts point to a number of key factors that could fuel Bitcoin’s dramatic price surge, including increasing institutional interest and a reduction in market volatility.
A Future of Record-Breaking Growth
According to Standard Chartered, Bitcoin is not only poised for significant growth but could reach $200,000 by 2025, $300,000 by 2026, and $400,000 by 2027. By the end of Trump’s presidency in 2028, the bank projects the cryptocurrency could hit $500,000. As of now, Bitcoin is valued at $96,700—up by 43% since Trump’s election victory.
If Bitcoin achieves the $500,000 mark, its market capitalization could skyrocket to around $10.5 trillion, potentially surpassing giants like Apple and Microsoft, and even rivaling half of gold’s $19.4 trillion market cap. This growth trajectory presents Bitcoin as an increasingly dominant force in the world of finance.
Institutional Investment and Regulatory Shifts: The Catalysts
The rise of Bitcoin can be attributed to multiple factors, chief among them being the greater accessibility for institutional investors and regulatory improvements. The introduction of Bitcoin spot ETFs in January 2024 was a game-changer, bringing in a whopping $39 billion in inflows. These developments are making Bitcoin more attractive to traditional investors, leading to price appreciation.
Geoffrey Kendrick, Standard Chartered’s Head of Digital Assets Research, highlights Trump’s repeal of Staff Accounting Bulletin No. 121, which had previously forced companies to treat digital assets as liabilities. This, coupled with Trump’s initiative to explore a national digital assets stockpile, has paved the way for institutional investment to thrive. Lower volatility also makes Bitcoin more appealing, creating an environment where more traditional portfolios are likely to include Bitcoin alongside assets like gold.
Bitcoin vs. Ethereum: Who’s Leading the Race?
While Bitcoin surges ahead, Ethereum is facing challenges. The Ethereum-to-Bitcoin ratio recently hit a four-year low, reflecting Ethereum’s struggle to keep pace with Bitcoin’s growing dominance. However, Ethereum remains attractive to some institutional investors, as evidenced by a $308 million net inflow into Ethereum ETFs in early February.
Despite this, Bitcoin’s stronger performance, particularly in Bitcoin spot ETFs, is likely to continue attracting more institutional interest, further solidifying its position in the market.
The Road Ahead: Challenges and Opportunities
While the global market remains volatile—largely due to geopolitical tensions like the U.S.-China trade conflict—Bitcoin’s future looks promising. Standard Chartered’s predictions, driven by regulatory clarity and institutional adoption, point to a future where Bitcoin could very well hit the $500,000 milestone by 2028. With increased investor access, decreasing volatility, and continued market interest, Bitcoin’s bullish trajectory seems poised for an exciting ride.
