Bitcoin Price Could Reach $500,000 in the Long Runđ
Jeff Kendrick, Head of Crypto Research and Currency Strategy, said in a note that Bitcoin could rise to $500,000 in the long term if investor access improves and volatility decreases.
Standard Chartered expects Bitcoin to rise to $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. It was last traded 1.6% higher at $98,241.
Jeff previously predicted that Bitcoin would reach $125,000 by the end of 2024, and it actually reached $108,000, so we can say his prediction has some merit.
However, regarding the annual predictions, do you think there will be a radical change in Bitcoin's life cycle?
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