Standard Chartered Predicts Bitcoin Could Reach $500,000 by 2028
Bitcoin's Path to $500,000
Standard Chartered has outlined a bullish scenario for Bitcoin, predicting the cryptocurrency could reach $500,000 by 2028. This forecast is supported by increasing investor access, declining price volatility, and growing acceptance of Bitcoin as a stable asset in global portfolios.
Improving Investor Access
The approval of US spot Bitcoin ETFs in January 2024 has significantly expanded investor access, unlocking $39 billion in net inflows. Standard Chartered expects further growth as the Trump administration continues to support Bitcoin adoption. Regulatory advancements, such as the repeal of SAB 121 and the potential creation of a national digital asset stockpile, are also expected to drive adoption.
Declining Volatility
Bitcoin’s price fluctuations are expected to ease as the ETF market matures and financial infrastructure improves. Standard Chartered notes that declining volatility will make Bitcoin a more attractive asset for investors, particularly as it competes with gold as a hedge against traditional financial risks.
Institutional Adoption
Central banks are increasingly considering Bitcoin as part of their reserve strategies. For example, the Czech National Bank is exploring a 5% Bitcoin allocation, while a Swiss referendum aims to push the Swiss National Bank toward Bitcoin ownership. Standard Chartered suggests that larger reserve holders or sovereign wealth funds may follow suit, further driving demand.
Price Forecast
Standard Chartered has maintained its long-term Bitcoin price forecast, predicting $200,000 by the end of 2025, $300,000 in 2026, $400,000 in 2027, and $500,000 in 2028. The bank believes this growth will be fueled by improved access and lower volatility, making Bitcoin a key component of optimized investment portfolios.
Conclusion
Standard Chartered’s optimistic outlook highlights Bitcoin’s growing role in global finance, supported by regulatory clarity, institutional adoption, and reduced volatility. As more investors and institutions embrace Bitcoin, its potential for long-term appreciation remains significant.
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