Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,936,563,724,101	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,936,563,724,101

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	500.18	0.51%	97,982.66	97,982.66	97,982.67

Price Change

Price Change %

Current Price

Bid Price

Offer

500.18

0.51%

97,982.66

97,982.67

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,500.00	97,433.36	97,446.75	97,482.48	47,590.30 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

98,500.00

97,433.36

97,446.75

97,482.48

47,590.30 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:59:42	0.000011	97,982.66	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:59:42

0.000011

97,982.66

USD

Price x Volume	Volume	Base Symbol	Related Pairs
277,396,126.04	2,829.39	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

277,396,126.04

2,829.39

Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028

06/02/2025 3:30am

NEWSBTC

In a recent client note, Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, predicted that Bitcoin (BTC) could surge to $500,000 by the end of 2028. The executive attributed BTC’s potential extraordinary price rise to two major factors. Factors Propelling BTC Price While 2024 was a landmark year for the world’s largest cryptocurrency – seeing it reach multiple all-time highs (ATH) and surpass $100,000 for the first time – 2025 has seen more moderate price action. Since January 1, BTC has climbed from around $94,000 to $98,486 as of February 5. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ However, Kendrick believes that from the latter half of 2025 through 2028, Bitcoin could enter another parabolic growth phase. He forecasts BTC reaching $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and ultimately $500,000 by the end of 2028. Kendrick attributes this ambitious price trajectory to two key factors: improved investor access and decreasing volatility. The approval of spot Bitcoin exchange-traded funds (ETFs) in the US in January 2024 significantly simplified investor access to BTC. Additionally, as Bitcoin’s price and market capitalization grow, its volatility has been decreasing. A larger market cap makes it more difficult for any single trader or entity to manipulate BTC’s price. Kendrick expects this trend to continue as ETF markets mature and supporting financial infrastructure within the crypto market strengthens. Kendrick added: The ETFs have attracted a net $39 billion of inflows so far, supporting the theory of pent-up demand being unleashed by increased access. Donald Trump’s January 23 order that the administration evaluate a potential national digital assets stockpile is also important, as this could encourage other central banks to consider Bitcoin investments. If Trump’s administration moves forward with establishing a national digital assets reserve, Bitcoin’s volatility could decline even further. This could attract traditionally risk-averse investors who were previously hesitant due to BTC’s price swings. Bitcoin Price Forecasts Have Bullish Undertones Over the past few days, BTC has faced increased volatility, briefly plummeting to $91,000 amid concerns over US trade tariffs on Mexico, Canada, and China. However, analysts remain confident in Bitcoin’s long-term bullish outlook. Related Reading: Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH? For instance, seasoned crypto trader Alex Becker recently stated that a $150,000 price target for BTC is too conservative. Likewise, a report by CryptoQuant predicts BTC could reach anywhere between $145,000 and $249,000 under a Trump administration. On-chain data also suggests that Bitcoin ‘whales’ – investors controlling crypto wallets with large BTC holdings – are positioning themselves for a bullish price trajectory, signaling confidence in BTC’s long-term growth under the Trump regime. At press time, BTC trades at $98,486, down 1.3% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com

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