"Bad Trump to Good Trump" Boosts Bitcoin to $102,500, Says Standard Chartered

As the political landscape shifts, so does the crypto market. The return of "good Trump" has sparked a resurgence in Bitcoin's price, with Standard Chartered predicting a staggering $102,500 by the end of the year. But what's driving this bullish outlook, and is it sustainable?

Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, believes that the shift from "bad Trump" to "good Trump" in terms of risk assets is a significant factor in Bitcoin's price trajectory. The end of the Ukraine conflict and the easing of oil prices have contributed to this change in sentiment, while Bitcoin's resilience following stronger-than-expected US inflation data and rising long-term Treasury yields also support its price appreciation.

Lower yields, institutional demand, and political shifts are all playing a role in driving Bitcoin's next big move. Lower yields on long-term Treasury notes can drive risk capital back into markets, including cryptocurrencies like Bitcoin. Increased institutional demand for Bitcoin, driven by the approval of US spot Bitcoin exchange-traded funds (ETFs), has attracted a net $39 billion of inflows, supporting the theory of pent-up demand being unleashed by increased access. The return of Donald Trump to the White House has also injected fresh momentum into the crypto industry, boosting Bitcoin to an all-time high of almost $109,000.



Standard Chartered's roadmap outlines several price milestones for Bitcoin over the coming years. The bank expects the digital asset to reach $200,000 by the end of 2025, followed by $300,000 in 2026, and $400,000 by 2027, before ultimately achieving the $500,000 target in 2028. The analysis points to two main catalysts driving this projected price appreciation: improved accessibility for investors and declining volatility in Bitcoin's price movements.

However, it's essential to approach these predictions with caution. While the current market dynamics and political landscape may support Bitcoin's bullish outlook, unforeseen events and market fluctuations can quickly change the trajectory. Investors should monitor macroeconomic indicators such as inflation rates, interest rates, GDP growth, geopolitical risks, and central bank policies to make informed decisions.

In conclusion, the shift from "bad Trump" to "good Trump" has contributed to Bitcoin's price surge, with Standard Chartered predicting a $102,500 target by the end of the year. However, investors should remain vigilant and monitor macroeconomic indicators to navigate the volatile crypto market effectively.