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Cryptocurrency News Articles
Standard Chartered Predicts Bitcoin Will Reach $500,000 Before Donald Trump Leaves Office
Feb 06, 2025 at 04:01 pm
Standard Chartered predicts that Bitcoin will reach $500,000 before Donald Trump leaves office, citing increased investor access and reduced volatility.
Standard Chartered predicts a massive surge in Bitcoin fiyatı, projecting that the cryptocurrency will reach an all-time high of $500,000 before Donald Trump leaves office.
The bank’s optimism is fueled by several factors, including increased investor access to digital assets and a reduction in Bitcoin’s volatility. Standard Chartered outlines a timeline for Bitcoin’s price appreciation, anticipating it to hit $200,000 in 2025, followed by $300,000 in 2026, $400,000 in 2027, and ultimately reaching $500,000 in 2028.
Currently, Bitcoin is trading at $96,700, marking a significant 43% increase from its price of $68,800 on the day of Trump’s election victory. If Bitcoin does indeed surge past the $500,000 threshold, its market capitalization would stand at approximately $10.5 trillion, potentially surpassing both Apple and Microsoft and accounting for half of gold’s $19.4 trillion market cap.
One key development that Standard Chartered highlights is Trump’s recent order to the Treasury Department to explore the possibility of a national digital assets stockpile. This move is seen as a positive sign for the cryptocurrency industry, suggesting that the government is considering strategies to integrate digital assets into the country’s financial reserves.
According to Standard Chartered, as Bitcoin’s volatility continues to decrease, the asset will become more attractive to traditional investors, ultimately driving up the price. Kendrick explained that lower volatility would increase Bitcoin’s share in portfolios alongside gold, pushing prices higher as investors adjust their asset allocations.
Institutions Show More Interest in ETH, BTC ETFs
In other market news, Ethereum has been lagging behind Bitcoin, with the ETH-to-BTC rate dropping to 0.028, its lowest level in over four years. At one point, the ratio even dipped to 0.027. Over the past month, Ethereum has seen a 13.8% decline against Bitcoin.
Despite this, institutional investors are still showing interest, with Ethereum ETFs recording a net inflow of $308 million on Feb. 4. However, Bitcoin spot ETFs saw even higher inflows at $341 million, with BlackRock’s iShares Bitcoin Trust alone seeing inflows of $249 million.
Geopolitical Tensions, Trade Conflict Impact Markets
Overall, the market conditions are still quite volatile due to geopolitical tensions. The ongoing U.S.-China trade conflict continues to create volatility across financial markets. While Bitcoin has managed to maintain its position above $90,000, QCP Capital highlighted that it remains vulnerable to price shocks.
The firm noted that while a delay in tariffs against Mexico and Canada has brought some relief, Bitcoin’s price could still be impacted by global developments.
Kendrick expects institutional inflows into Bitcoin ETFs to keep increasing, which will amplify Bitcoin’s روند صعودي. Other ongoing regulatory developments, such as stablecoin legislation and the creation of a Strategic Bitcoin Reserve task force, are also seen as long-term positives for the industry.
Standard Chartered maintains its prediction that Bitcoin is set to reach $500,000 before Trump leaves office, largely driven by regulatory clarity, increasing institutional adoption, and reduced market volatility.
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