Standard Chartered Bank: Bitcoin to Reach $200,000 This Year, Then Increase by $100,000 Annually for 3 Years

BlockBeats News, February 5th, Standard Chartered Bank predicted that the price of Bitcoin (BTC) will surge to $500,000 before Donald Trump steps down as President of the United States. The bank believes that this price increase will benefit from a more regulatory-friendly environment and a wider avenue for asset acquisition.

Standard Chartered Bank believes that the price of Bitcoin will reach $200,000 in 2025, steadily grow to $300,000 in 2026, increase to $400,000 in 2027, and then rise to $500,000 in 2028.

Standard Chartered Bank sees the main reason for Bitcoin's growth potential as the increased investor participation since the launch of a Bitcoin exchange-traded fund (ETF) in the United States in January 2024.

Standard Chartered Bank analyst Geoff Kendrick stated that the narrative of national digital asset reserves is also crucial for Bitcoin, as this may encourage other central banks to consider Bitcoin investments. If this initiative begins to materialize, the sharp fluctuations in Bitcoin will be mitigated, attracting traditional investors who were previously concerned about price volatility. Increased investor participation and reduced volatility should lead to a long-term price increase.