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Bitcoin to Hit $500K by 2028 as ETFs Ease Access, Volatility Drops: Standard Chartered
The bank expects institutional inflows into spot bitcoin ETFs to grow as volatility drops, leading to significant price appreciation in the long term.
Feb 5, 2025, 4:31 p.m.
What to know:
- Standard Charted said it sees bitcoin rising to $500,000 as access to the cryptocurrency grows and its volatility drops.
- The rise should come while Donald Trump is still leading the White House and is expected to be gradual.
The price of bitcoin (BTC) could balloon to $500,000 by 2028, lifted by increased investor access and diminishing volatility that will help keep it serving as a unique hedge against issues plaguing traditional finance, according to Standard Chartered.
The largest cryptocurrency is likely to become less volatile as the year-old U.S. exchange-traded fund (ETF) market matures, Geoffrey Kendrick, the global head of digital assets research, wrote in a note.
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Access to BTC is improving under the Trump administration and institutional inflows into spot bitcoin ETFs are set to keep on growing, he wrote. The two influences are set to raise bitcoin's share of an optimized two-asset portfolio with gold, which “should lead to price appreciation longer-term as the portfolio continues to move towards their optimal/logical state,” Kendrick wrote.
This is “enough to drive Bitcoin to $500,000 before Trump leaves office.”
The bank’s year-end price target for the cryptocurrency is $200,000. The 2026 target is $300,000.
Bitcoin is currently trading around $98,000, and the bitcoin-gold ratio has recently hit its lowest level since mid-November as the precious metal surged amid ongoing concerns of a U.S.-China trade war and increased Chinese demand.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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