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    Bitcoin could reach $500,000 says Standard Chartered; key factors that could fuel a potential rally

    Author AvatarBy Patrick Butler No Comments 11 Mins Read
    • Standard Chartered’s Geoffrey Kendrick predicted that Bitcoin could reach over $500,000 at the end of Donald Trump’s administration. 
    • BlackRock is alleged to be considering a Bitcoin ETP for its European customers.
    • FDIC announced that it would revise its current crypto guidelines, allowing banks to custody some crypto assets.

    Bitcoin (BTC) remained below $100,000 on Thursday as the broader crypto market continues to face downside risk from a potential global trade war. However, Geoffrey Kendrick, Standard Chartered’s head of digital asset research, predicted that Bitcoin could climb to $500,000 before 2028, toward the end of President Donald Trump’s administration.

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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