The price of Bitcoin (BTC) could balloon to $ 500,000 by 2028, lifted by increased investor access and diminished volatility that will help keep it acting as a unique hedge against questions that plague traditional funding, according to Standard Chartered.
The biggest cryptocurrency is likely to become less unstable as the year-old American Exchange-Traded Fund (ETF) Market matures, Geoffrey Kendrick, the global leader of Digital Assets Research, wrote in a note.
Access to BTC is improving during the Trump administration, and institutional influxes to Spot Bitcoin ETFs are set to continue to grow, he wrote. The two influences are set to raise Bitcoin’s share of an optimized two-active portfolio of gold, which “should lead to the pricing value in the longer term as the portfolio continues to move towards their optimal/logical state,” Kendrick wrote.
This is “enough to run Bitcoin for $ 500,000 before Trump leaves the office.”
The bank’s goals for the end of the year of Cryptocurrency are $ 200,000. The target 2026 is $ 300,000.
Bitcoin is currently shopping around $ 98,000, and the Bitcoin-Gold relationship has recently hit its lowest level since mid-November, when noble metal increased in the midst of the ongoing concerns of a US-China trade war and increased Chinese demand.
