{"id":2796,"date":"2025-02-06T06:00:27","date_gmt":"2025-02-06T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-to-500000-standard-chartered-exec-predicts-massive-surge-by-2028\/"},"modified":"2025-02-06T06:00:27","modified_gmt":"2025-02-06T06:00:27","slug":"bitcoin-to-500000-standard-chartered-exec-predicts-massive-surge-by-2028","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-to-500000-standard-chartered-exec-predicts-massive-surge-by-2028\/","title":{"rendered":"Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028"},"content":{"rendered":"

In a recent client note<\/a>, Standard Chartered\u2019s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC\u2019s potential extraordinary price rise to two major factors.<\/p>\n

Factors Propelling BTC Price<\/h2>\n

While 2024 was a landmark year for the world\u2019s largest cryptocurrency – seeing it reach multiple all-time highs (ATH) and surpass $100,000 for the first time – 2025 has seen more moderate price action. Since January 1, BTC has climbed from around $94,000 to $98,486 as of February 5.<\/p>\n

However, Kendrick believes that from the latter half of 2025 through 2028, Bitcoin could enter another parabolic growth phase. He forecasts BTC reaching $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and ultimately $500,000 by the end of 2028.<\/p>\n

Kendrick attributes this ambitious price trajectory to two key factors: improved investor access and decreasing volatility. The approval of spot Bitcoin exchange-traded funds (ETFs) in the US in January 2024 significantly simplified investor access to BTC.<\/p>\n

Additionally, as Bitcoin\u2019s price and market capitalization grow, its volatility has been decreasing. A larger market cap makes it more difficult for any single trader or entity to manipulate BTC\u2019s price.\u00a0<\/p>\n

Kendrick expects this trend to continue as ETF markets mature and supporting financial infrastructure within the crypto market strengthens. Kendrick added:<\/p>\n

\n

The ETFs have attracted a net $39 billion of inflows so far, supporting the theory of pent-up demand being unleashed by increased access. Donald Trump\u2019s January 23 order that the administration evaluate a potential national digital assets stockpile is also important, as this could encourage other central banks to consider Bitcoin investments.<\/p>\n<\/blockquote>\n

If Trump\u2019s administration moves forward with establishing a national digital assets reserve, Bitcoin\u2019s volatility could decline even further. This could attract traditionally risk-averse investors who were previously hesitant due to BTC\u2019s price swings.<\/p>\n

Bitcoin Price Forecasts Have Bullish Undertones<\/h2>\n

Over the past few days, BTC has faced increased volatility, briefly plummeting to $91,000 amid concerns over US trade tariffs on Mexico, Canada, and China. However, analysts remain confident in Bitcoin\u2019s long-term bullish outlook.<\/p>\n

For instance, seasoned crypto trader Alex Becker recently stated that a $150,000 price target for BTC is too conservative. Likewise, a report by CryptoQuant predicts BTC could reach anywhere between $145,000 and $249,000 under a Trump administration.<\/p>\n

On-chain data also suggests that Bitcoin \u2018whales\u2019 – investors controlling crypto wallets with large BTC holdings – are positioning themselves for a bullish price trajectory, signaling confidence in BTC\u2019s long-term growth under the Trump regime. At press time, BTC trades at $98,486, down 1.3% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent client note, Standard Chartered\u2019s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC\u2019s potential extraordinary price rise to two major factors. Factors Propelling BTC Price While 2024 was a landmark year for the world\u2019s largest cryptocurrency –…<\/p>\n","protected":false},"author":1,"featured_media":2797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,28,248,32,36,254,255,462,1594,1595],"class_list":["post-2796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-cryptocurrency","tag-digital-asset","tag-donald-trump","tag-geoff-kendrick","tag-standard-chartered"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2796"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2797"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}