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Standard Chartered, which expects $200,000 in Bitcoin, made a bold prediction! "BTC will reach this level before Trump leaves office!"
The leading cryptocurrency Bitcoin (BTC) has been exhibiting significant volatile movements recently, and the declines are worrying investors.
At this point, while many analysts also suggest that the decline could deepen further in the short term, Standard Chartered analyst revealed Bitcoin expectations.
At this point, Standard Chartered analyst Geoff Kendrick, who predicts that Bitcoin will reach $500,000 by 2028, has revealed his forecasts for the next four years.
An analyst predicted that Bitcoin will reach $500,000 by 2028, citing a friendlier regulatory environment and increased investor access, before Donald Trump's term ends.
The analyst also predicts that BTC will rise to $200,000 in 2025, $300,000 in 2026, and $400,000 in 2027.
Kendrick also added that among the main driving forces behind the rise of Bitcoin, which attracted a $39 billion inflow, were positive regulatory changes such as the removal of spot Bitcoin ETFs and SAB 121.
If the volatility in Bitcoin decreases and investors have increased access, the price of Bitcoin may rise.
Investor access has begun to improve further under the Trump administration.