News

Bitcoin is poised to reach $500,000 in just three years, thanks to decreased volatility brought about by the maturation of America’s spot Bitcoin exchange-traded funds (ETFs) and the Trump administration's crypto policies, according to Standard Chartered.

"[W]e continue to target Bitcoin to reach $200,000 by year-end 2025," said Standard Chartered Head of Digital Asset Research Geoff Kendrick in a research note. "Thereafter, we expect Bitcoin to reach $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028, where it will likely remain until the end of 2029."

The bank added that current conditions will “drive Bitcoin to $500,000 before Trump leaves office.”

Kendrick underlined that institutional interest in bitcoin ETFs is projected to continue growing, particularly as President Donald Trump’s pro-crypto policies come to fruition. In January, the Trump administration unveiled an executive order on crypto that aims to improve regulatory clarity and promote further investment in the sector. Furthermore, with greater retail adoption of Bitcoin under a Trump administration, the market could see increased liquidity and broader mainstream acceptance, catalyzing an upward growth in Bitcoin's price.

Trump’s presidential bid last year included a pledge to create a national stockpile of cryptocurrencies. On Sunday, Trump announced that a U.S. crypto reserve would include Bitcoin, Ether, XRP (Ripple), Solana, and Cardano. However, the inclusion of non-Bitcoin assets has rankled some in the crypto community. Coinbase CEO Brian Armstrong said that Bitcoin would be sufficient in the reserve: "Just Bitcoin would probably be the best option — simplest, and clear story as successor to gold," Armstrong said.

Bitcoin maximalists like Strategy executive chairman Michael Saylor recently speculated that the world's largest cryptocurrency, Bitcoin, could soon reach a $200 trillion market cap.

Bitcoin is currently trading at a price of $90,233 at the time of writing.