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 Michael Ebiekutan

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

Cryptos | 02/06/2025 03:40:00 GMT

Standard Chartered's Geoffrey Kendrick predicted that Bit#BTCHovers100k coin 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 #USBitcoinReserves 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, #USJoblessClaimsRise 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.

Meanwhile, #BERAonBinance BlackRock is preparing to introduce a Bitcoin exchange-traded product (ETP) for its European investors, signaling sustained institutional interest in the top pcry