Bitcoin on Track for $500K by 2028? Experts Weigh In

Bitcoin’s long-term price trajectory continues to spark debate, with Standard Chartered’s Geoff Kendrick predicting that BTC could reach $500,000 by 2028—provided investor access continues to improve and market volatility gradually declines.

Kendrick highlighted that Bitcoin’s recent ETF approval in the U.S. marked a significant step in expanding investor access, paving the way for greater institutional participation. He also noted that under the Trump administration, further improvements to Bitcoin investment accessibility have already begun, accelerating adoption at a structural level.

According to Standard Chartered’s latest projection, Bitcoin’s price could follow this path over the next few years:

• $200,000 by the end of 2025
• $300,000 by the end of 2026
• $400,000 by the end of 2027
• $500,000 by the end of 2028

Currently, Bitcoin is trading at $98,690—down 10% from it’s all-time high of $109,079.

Bitcoin ETFs and Market Maturity Could Reduce Volatility

A key factor in Bitcoin’s long-term rise will be the maturation of the Bitcoin ETF market and the development of more robust financial infrastructure supporting BTC trading.

Kendrick argues that as Bitcoin ETFs attract more institutional capital, market liquidity will improve, helping to gradually reduce volatility. Lower volatility, in turn, would make Bitcoin even more attractive to large investors and corporations, further fueling adoption and price appreciation.

Can Bitcoin Reach $500 Million Even Sooner?

While Standard Chartered is forecasting $500,000 BTC by 2028, other analysts believe Bitcoin could reach $1 million even earlier.

Recent research suggests that Bitcoin could hit $1 million as early as 2027. A study published by theJournal of Risk and Financial Management outlines how increasing institutional demand, supply constraints from the halving cycle, and declining fiat currency value could drive BTC to seven figures within the next three years.

This aligns with Anthony Pompliano’s latest Bitcoin prediction, where he reaffirmed his ultra-bullish stance, stating that Bitcoin is on track for $1 million and beyond.

🚀 Pompliano: Bitcoin Will Surpass $1M! 🚀

🔹 $BTC outperformed gold & S&P 500 📈
🔹 Younger investors use #Bitcoin as a benchmark
🔹 Institutions piling in, adoption accelerating 🔥

Are you ready for the next leg up? 👀💰 pic.twitter.com/N2RbGdZexC

— CoinCodex (@CoinCodex) February 6, 2025

CoinCodex’s More Conservative Outlook

While Standard Chartered and other analysts are calling for BTC to reach half a million dollars by 2028, our own CoinCodex projection is more conservative.

We estimate that Bitcoin will surpass $300,000 by 2029, with a more measured pace of adoption and capital inflows compared to the aggressive timelines set by some institutions.

Conclusion: Bitcoin’s Long-Term Path to $500K and Beyond

Bitcoin’s trajectory remains incredibly bullish, driven by:

• Institutional adoption through ETFs & financial markets
• Improved investor accessibility under the Trump administration
• Declining volatility as the market matures
• Growing demand as fiat currency weakens

With Standard Chartered forecasting $500,000 BTC by 2028, research suggesting $1 million by 2027, and CoinCodex estimating $300K by 2029, one thing is clear: Bitcoin’s long-term growth potential remains explosive.