Bitcoin's Price Could Reach $500K Before Trump's Second Term Ends

Bitcoin's Price Could Reach $500K Before Trump's Second Term Ends, Standard Chartered Predicts

Despite recent setbacks and a significant selloff that brought Bitcoin to a three-month low, Standard Chartered maintains a strong bullish position on BTC market predictions. Geoffrey Kendrick, the head of digital assets research at the bank, forecasts that Bitcoin will climb to $500,000 before the conclusion of Donald Trump’s presidency. Additionally, BTC price might reach $200K by the end of 2025.

Standard Chartered predicts that although US President Donald Trump’s first month in office has introduced high volatility for risk assets, his administration could ultimately benefit Bitcoin. In a CNBC interview, Geoffrey Kendrick, the head of digital assets research at Standard Chartered, projected that Bitcoin’s price would hit $200,000 this year. He anticipates it will surge to $500,000 by the end of President Trump’s second term, influenced by increased institutional adoption and the possibilities of clearer regulations.

Kendrick stated that the crypto ecosystem would benefit from the involvement of traditional financial institutions like Standard Chartered, BlackRock, and others who manage ETFs. He highlighted that their participation is crucial. Kendrick also mentioned that as the industry grows more institutionalized, it should become safer and likely attract fewer negative headlines, such as the recent $1.5 billion hack at the cryptocurrency exchange Bybit last week.

He added that the rising adoption of cryptocurrencies by institutions, along with some regulatory clarity in the U.S., is expected to gradually reduce market volatility over time. Earlier this week, Bitcoin dropped to a three-month low, falling below $90,000 amidst declines in global equity markets, as per CoinGecko data. On Thursday, the Bitcoin price made it to a trading value of $82,256, marking a roughly 20% decrease from its January peak.

Geoffrey Kendrick noted that crypto market has broadly declined due to uncertainties surrounding tariffs and the resolution of significant conflicts like those in Russia-Ukraine and Israel-Gaza. Bitcoin recently dropped below $82,000, hitting a three-month low in response to broader market declines. Market uncertainty is reflected in Bitcoin’s Short-Term Holder Spent Output Profit Ratio