Bitcoin Price Will Rise to$ 500, 000 &#039, Before Trump Leaves Office&#039,: Standard Chartered

Bitcoin ( BTC ) will rise by$ 500, 000 before Donald Trump resigns as president of the United States, according to British multinational bank Standard Chartered. The lender anticipates that this price increase will be brought on by a friendlier regulatory environment and greater property access, according to the bank.

Standard Chartered believes that Bitcoin will hit$ 200, 000 in 2025, steadily increasing to$ 300, 000 in 2026,$ 400, 000 in 2027, and then$ 500, 000 in 2028—when it believes BTC will plateau in the next year.

Bitcoin currently sits at$ 98, 600, a 43 % increase from its price of$ 68, 800 before Trump secured electoral victory in November. Standard Chartered’s prediction of$ 500, 000 would be a 407 % increase from this position. In this scenario, Bitcoin would have a market cap of$ 10.5 trillion, likely surpassing Apple and Microsoft in the process. At that rate, it would also account approximately half of stock’s present$ 19.4 trillion market cap.

Following the introduction of Bitcoin spot exchange traded funds ( ETFs ) in the US in January 2024, Standard Chartered believes that Bitcoin has room for growth. This is the main reason that this is believed to be true. &nbsp,

” The ETFs have attracted a net$ 39 billion of inflows so far, supporting the theory of pent-up demand being unleashed by increased access”, Global Head of Digital Assets Research at Standard Chartered, Geoff Kendrick, wrote in a release.

Kendrick adds that the U. S. regulatory environment is getting friendlier, noting the repeal of Staff Accounting Bulletin ( SAB) No. 121, direction that needed companies to report digital assets as liabilities, as an “important stage” for the business.

Additionally, Kendrick noted that Trump’s order on January 23 to require the management to review a potential national digital assets hoard is crucial because it might spur other central banks to take into account Bitcoin investments.

According to Standard Chartered, Bitcoin’s infamous volatility will ease, which will appeal to traditional investors who were originally hesitant to take the price changes.

” As uncertainty falls, Bitcoin’s reveal of an optimised two-asset collection with golden boosts”, Kendrick said. ” Investor exposure and lower volatility should result in longer-term price appreciation as assets continue to move in the direction of their optimal/logical state.”