The presence of new ‘Liberation Day’ tariffs from the returning Trump administration has thrown the US financial markets into a spiral. The US stock exchange and the cryptocurrency market have both struggled in the wake of the recent events. However, Standard Chartered Bank continues to be bullish, repeating the target of $500k for Bitcoin in Trump’s second tenure.
The bank previously stated that it expected the cryptocurrency to reach its landmark before Trump’s second term in office. The recent decline in value has led to a questioning of that statement. But analysts still hold firm to their belief that it will eventually resurgence for several reasons.
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Standard Chartered Reaffirms Bitcoin at $500k before 2028
Dow Jones fell more than 1,400 point Thursday. Trump’s 10% tariff on all imports appears to have been the main reason for the stock market crash. It is clear that this move will have an impact on a number of financial markets. However, will it slow down the crypto-currency sector?
According to a key institution, digital assets are less of a concern. Indeed, Standard Chartered It reiterated the $500k goal for Bitcoin prior to the conclusion of US President Trump’s second term. The sentiment is that BTC will reach an all-time record high by 2028.
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“We expect volatility to edge gradually lower once the ETF market matures, increasing Bitcoin’s share of an optimal gold-BTC portfolio,” Standard Chartered Analyst Geoff Kendrick stated. “Access plus lower volatility could see Bitcoin reach the $500,000 level before Trump leaves office,” He said BeInCrypto.
Bitcoin’s bullish outlook is shared by many crypto experts. In the midst of tariff drama Michael Saylor Take X to Twitter to Say That “there’s no tariffs on Bitcoin.” In the end, it may be beneficial for asset classes to see the value of the traditional markets fall.
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Source: watcher.guru
