Standard Chartered, the British multinational bank, predicts that the price of Bitcoin will reach $500,000 before the end of the term of US President Donald Trump. The bank forecasts that this rise will benefit from a more friendly regulatory environment and increased investor access.

Standard Chartered predicts that the price of BTC will reach $200,000 in 2025, $300,000 in 2026, $400,000 in 2027, and stabilize at $500,000 in 2028. Currently, the price of BTC is $98,500, which has risen 43% since Trump's victory in the November election.
Bitcoin ETFs and regulatory changes will have an impact
According to Standard Chartered Bank's prediction, the rise of Bitcoin will be influenced by the launch of BTC spot exchange-traded fund (ETF) in the United States in January 2024. The bank points out that these exchange-traded funds have attracted a net inflow of $39 billion to date, which has driven the demand for Bitcoin.
Geoff Kendrick, Director of Digital Asset Research at the Bank, said that the regulatory environment in the United States has become more friendly, which is an important progress. In particular, it is pointed out that the SEC has revoked Staff Accounting Bulletin (SAB) No. 121, which has a positive impact on the industry. This change means that companies no longer need to record cryptocurrencies as obligations on the balance sheet.
Institutional investors' interest may rise
Kendrick pointed out that with the decrease in the volatility of BTC price, traditional investors may become more interested in this asset. The lower volatility may make BTC more attractive in a portfolio optimized with gold.
Standard Chartered said that regulatory changes and increased investor access will support the long-term rise in BTC prices and make portfolios more rational.
Short-term Forecast of BTC
Geoff Kendrick predicts that BTC price may reach $130,000 in the next two months. BTC soared to a new high of $109,500 last month. After reaching the peak, BTC fluctuated within the range of $102,000-$106,000 for a period of time. This week, affected by global events, BTC fell to $91,000 and is striving to find a balance point above $97,500. #市场回调，哪些币值得关注？ #你持有哪些AI概念币？ #Launchpool首发上线ANLOG