Standard Chartered’s forecast suggests that Bitcoin may reach $500,000 by 2028 an increase in institutional investments, a decrease in volatility, and changes in regulations during the Trump administration that enhance investor opportunities.
Can Bitcoin Reach a Half-Million Dollar Milestone by 2028 Amid Trump, ETF Trends, and Institutional Investment?
Geoffrey Kendrick, who is the head of digital assets research at Standard Chartered, foresees that the value of bitcoin may surge to $500,000 by the conclusion of 2028. He credits this anticipated increase to enhanced investor opportunities and decreasing levels of volatility, factors that he expects will facilitate sustained expansion over time. Kendrick shared his forecasts via an email communication with The Block.
We aim for BTC to hit $200,000 by the end of 2025, followed by reaching approximately $300,000 by the end of 2027, and $500,000 by the end of 2028, maintaining this level until the end of 2029.
Kendrick recognizes bitcoin’s tendency to fluctuate in the short term, but he remains optimistic about its long-term potential, pointing to increasing investment from institutions and regulatory changes under the current administration could be, commenting, “The Trump administration is making it easier for people to access bitcoin. As a result, institutional investment is expected to accelerate, and market volatility will decrease as the quality of investment improves and the infrastructure expands.” Kendrick predicts that these factors could drive bitcoin’s value up to $500,000 by the end of Trump’s term.
The head of digital assets research at Standard Chartered pointed out the significant influence of the US spot bitcoin ETF market, which debuted in January 2024 and has attracted a substantial $39 billion in investments. According to him, the growth of supporting infrastructure will help stabilize the price of BTC. Drawing a parallel with gold’s 4.3-fold increase after the introduction of exchange-traded products in 2004, he forecast a comparable surge in bitcoin’s value within a two-year timeframe, outpacing gold’s seven-year trajectory.
Kendrick pointed out that changes in regulations during the Trump administration could drive up the price of bitcoin, aside from just focusing on the ETF market. He highlighted the significance of repealing SAB 121, which removed accounting limitations for firms that own digital assets. Kendrick also suggested that Trump’s order to explore the possibility of creating a national digital asset reserve could prompt central banks to see bitcoin as a worthwhile investment.
