Bitcoin (BTC) Price Prediction 2028: Standard Chartered Expects Bitcoin (BTC) to Hit $500,000

The document begins by summarizing Standard Chartered's outlook on Bitcoin's potential to reach $500,000 by 2028, citing factors such as institutional inflows rising

Standard Chartered has predicted that Bitcoin could reach $500,000 by 2028, driven by rising institutional inflows, decreasing volatility, and expanding regulatory access under President Trump's administration.

A recent report by Standard Chartered has outlined a bullish outlook for Bitcoin, predicting that the cryptocurrency could reach $500,000 by 2028. The report cites several factors that could contribute to this growth, including rising institutional inflows, decreasing volatility, and expanding regulatory access under President Trump's administration.

According to the report, institutional investment in Bitcoin has been a major factor in its recent price surge, with the U.S. spot Bitcoin ETF market seeing over $39 billion in net inflows. This institutional demand is expected to continue driving up the price of Bitcoin in the long term, as more institutions gain access to the cryptocurrency market.

The report also highlights the impact of Bitcoin's ETF market and institutional investment on its price trajectory. It notes that while Bitcoin's short-term volatility is currently paused, its long-term growth is expected to accelerate due to increasing institutional capital and expanding financial infrastructure.

The report also notes that while Bitcoin's short-term volatility is currently on pause, its long-term growth is expected to accelerate due to rising institutional capital and expanding financial infrastructure. This growth trajectory is expected to continue as Bitcoin becomes a more mainstream investment and the infrastructure around it expands.

The report specifically emphasizes the importance of the U.S. spot Bitcoin ETF market, highlighting that the ETF market has channeled over $39 billion in net inflows, serving as a key enabler for Bitcoin's price movements. It anticipates that the expanding ETF market will decrease Bitcoin's volatility, leading to a larger-than-expected jump in its price by 2028. The report draws a parallel between Bitcoin's growth and Bitcoin's rise in 2004, when gold reached its peak value after cryptocurrencies first entered the market.

The report also highlights the impact of regulatory developments under President Trump, such as the repeal of SAB 121, which removed accounting restrictions for companies holding digital assets. It also notes Trump's directive to begin assessing the feasibility of a national digital asset stockpile. These measures are expected to pave the way for central banks to adopt Bitcoin as a viable investment, further accelerating its growth.

The report concludes by discussing the long-term potential of Bitcoin, using data from around 2025 to predict that its price will remain stable until Trump leaves office. It also highlights the need for investment stability to sustain competitive prices, comparing Bitcoin's performance to oil prices and emphasizing the importance of sustained institutional interest for its continued success.

Overall, Standard Chartered's report provides a comprehensive analysis of the factors that could influence Bitcoin's price in the coming years, highlighting the role of institutional investment, regulatory developments, and long-term economic trends.