Standard Chartered has forecast that Bitcoin could soar to $500,000 by 2028, driven by enhanced access through spot bitcoin ETFs and a reduction in market volatility, positioning Bitcoin as a potential hedge against the issues affecting traditional financial systems.
Geoffrey Kendrick, the global head of digital assets research at the bank, noted that Bitcoin’s volatility is expected to decrease as the U.S. ETF market matures. The influx of institutional investment into spot bitcoin ETFs, combined with this lowered volatility, will contribute to Bitcoin’s growing presence in portfolios alongside gold. As a result, Bitcoin’s price could experience substantial appreciation, potentially reaching $500,000 by the time the Trump administration ends.
For the near term, Standard Chartered has set a year-end price target of $200,000 for Bitcoin, with an expected rise to $300,000 by 2026.
Bitcoin is currently trading around $98,000, with the bitcoin-to-gold ratio recently hitting its lowest point since mid-November, as gold prices have surged amidst ongoing U.S.-China trade tensions and increased demand from China.
