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

ChainCatcher news, 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, the 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 the expected price is reached, the market capitalization of Bitcoin will reach $10.5 trillion, about half of the current market capitalization of gold at $19.4 trillion. This prediction is based on a net inflow of $39 billion following the launch of a Bitcoin spot ETF in the U.S., as well as the Trump administration's more favorable regulatory stance towards digital assets.