Recent client testimonials noteGeoff Kendrick is Standard Chartered’s head of Digital Assets Research. He predicted Bitcoin’s (BTC) price could reach $500,000 before the year 2028. Two major factors were cited by the executive as possible reasons for BTC’s extraordinary rise in price.
Factors Propelling BTC Price
While 2024 was a landmark year for the world’s largest cryptocurrency – seeing it reach multiple all-time highs (ATH) and surpass $100,000 for the first time – 2025 has seen more moderate price action. BTC’s price has increased from $94,000 on January 1 to $98,486 by February 5, a rise of around 12%.
Kendrick predicts that Bitcoin will enter a second parabolic phase in the last half of 2025 and into 2028. He predicts that BTC will reach $200,000 before the end 2025. It is expected to hit $300,000 at the end 2026. $400,000 in 2027. And finally $500,000 until the end 2028.
Kendrick attributes the price growth to two factors, namely: increased investor accessibility and decreased volatility. Investor access to BTC was significantly eased by the approval of Bitcoin spot exchange-traded Funds in the US on January 20, 2024.
Bitcoin’s volatility also has decreased as the price of Bitcoin and its market capitalization have grown. It is more difficult to manipulate BTC prices with a larger market cap.
Kendrick believes that this trend will continue, as ETFs mature and the financial infrastructure supporting crypto markets strengthens. Kendrick added:
ETFs are attracting a total of $39 Billion in net flows, which supports the theory about pent-up demands being released by greater access. Donald Trump’s 23 January order for the administration to evaluate potential Stockpile of digital assets in the United States This could also encourage other central bankers to invest in Bitcoin.
Bitcoin’s volatility might even decrease if Trump’s administration establishes the national reserve for digital assets. It could also attract investors that are typically risk averse and were previously reluctant to invest in BTC due to its price fluctuations.
Bitcoin price forecasts have bullish undertones
BTC is facing a lot of problems in recent days increased The volatility briefly dropped to $91,000 due to concerns about US tariffs against Mexico, Canada and China. But analysts are still confident about the long-term growth of Bitcoin.
Related Reading
Alex Becker is a seasoned cryptocurrency trader. stated It is not realistic to set a price of BTC at $150,000. A price target of $150,000 for BTC is too conservative. report CryptoQuant has predicted that BTC may reach up to $249,000 in the event of a Trump Administration.
Also, on-chain data suggests that Bitcoin ‘whales’ – investors controlling crypto wallets with large BTC holdings – are positioning themselves for a bullish price trajectory, signaling confidence in BTC’s long-term growth under the Trump regime. BTC was trading at $98.486, a 1.3% drop in the previous 24 hours.
Featured Image from Unsplash. Chart by TradingView.com
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Source: www.newsbtc.com
