Standard Chartered Predicts Bitcoin to Reach $500K by 2028 in 5-Year Forecast

Bitcoin could reach $500,000 by 2028, driven by increased institutional inflows, reduced volatility, and regulatory changes under the Trump administration, according to Standard Chartered's forecast. Geoffrey Kendrick, the head of digital assets research at Standard Chartered, predicts that the improved access for investors and the declining volatility will support long-term growth. Kendrick outlined his projections, stating that Bitcoin is expected to reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028. Kendrick also mentioned the potential impact of regulatory changes under the Trump administration, as well as the launch of the U.S. spot Bitcoin ETF market, which has attracted $39 billion in net inflows since its inception in January 2024. He believes that expanding infrastructure and regulatory shifts could push Bitcoin to $500,000 before Trump's term ends. Kendrick also highlighted the repeal of SAB 121, which removed accounting restrictions for companies holding digital assets, as well as Trump's directive to evaluate the feasibility of a national digital asset stockpile, which could influence central banks to see Bitcoin as a viable investment.