Bitcoin Will Hit $500,000 by 2028 – Standard Chartered
Standard Chartered’s Geoffrey Kendrick envisions a dramatic rise for Bitcoin, forecasting a price of $500,000 by 2028.
He links this potential surge to easier investor access and reduced market volatility, particularly as institutional participation grows.
Kendrick highlights the impact of U.S. spot Bitcoin ETFs, which launched in early 2024 and have already attracted substantial inflows.
He argues that as these ETFs mature and financial instruments like options expand, Bitcoin’s volatility will decline, making it more attractive to long-term investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Terra Luna Classic Shakes the Crypto Market with Surprising Developments
In Brief LUNC experienced a significant price decline following Do Kwon's sentencing. The court cited over $40 billion losses as a reason for Do Kwon's penalty. Analysts suggest short-term pressure on LUNC may persist, despite long-term community support.
NYDIG: Tokenized Assets Offer Modest Crypto Gains as Growth Depends on Access and Regulation
Trending news
MoreCrypto prices
More
