Bitcoin price trajectory has taken center stage again as Standard Chartered’s latest forecast suggests it could reach $500,000 by 2028. The projection comes as institutional demand surges and regulatory conditions shift in favor of digital assets.
A Look At Standard Chartered’s Bitcoin Price Prediction
Bitcoin price recently surged past the $100,000 mark following Donald Trump’s presidential election win. It has since pulled back slightly, now trading at $98,000. Analysts link the rally to increased investor access and policy developments under Trump’s administration.
The administration has launched a dedicated task force on digital assets, focusing on creating a federal regulatory framework for crypto. The initiative also includes evaluating a national digital asset reserve. Additionally, the easing of corporate accounting restrictions for crypto holdings has further bolstered market sentiment.
Institutional adoption has played a key role in Bitcoin price movements. The introduction of spot Bitcoin exchange-traded funds (ETFs) has triggered a wave of investment, with inflows reaching $39 billion so far. Analysts see this as a sign of increasing mainstream acceptance of Bitcoin as a legitimate asset class.
NEW: $872 billion Standard Chartered bank says #Bitcoin price could reach $500,000 by 2028🚀 pic.twitter.com/5hemyXooP3
— Crypto India (@CryptooIndia) February 6, 2025
Geoff Kendrick, Standard Chartered’s head of digital asset research, has outlined a bullish forecast, predicting Bitcoin could hit $200,000 by the end of 2025, followed by $300,000 in 2026 and $400,000 in 2027. By 2028, he expects Bitcoin to reach $500,000, at which point prices may stabilize.
Furthermore, Kendrick believes a decline in market volatility will further attract institutional investors, strengthening Bitcoin’s role in diversified portfolios. He noted that Bitcoin’s integration into a two-asset portfolio alongside gold—currently valued at $19.3 trillion—could be a key driver of long-term price appreciation. “This should lead to price appreciation longer-term as the portfolio continues to move towards their optimal/logical state,” Kendrick stated.
Also Read: Bitcoin Nears $100K as Institutional Support and Open Interest Surge
Source: https://www.cryptonewsz.com/standard-chartered-bitcoin-price-500000-2028/