NEWS $BTC


In a recent client note, Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicted that Bitcoin (BTC) could rise to $500,000 by the end of 2028. The executive attributed the extraordinary potential price increase of BTC to two main factors.

Factors driving BTC price

While 2024 was a historic year for the world's largest cryptocurrency (in which it reached multiple all-time highs (ATH) and surpassed $100,000 for the first time), 2025 has experienced more moderate price action. Since January 1, BTC has risen from around $94,000 to $98,486 as of February 5.
However, Kendrick believes that from the second half of 2025 to 2028, Bitcoin could enter another phase of parabolic growth. He forecasts that BTC will reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and finally $500,000 by the end of 2028.

Kendrick attributes this ambitious price trajectory to two key factors: better access for investors and decreasing volatility. The approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. in January 2024 significantly simplified investor access to BTC.

Additionally, as the price of Bitcoin and market capitalization grow, its volatility has been decreasing. A larger market capitalization makes it more difficult for a single trader or entity to manipulate the price of BTC.

Kendrick expects this trend to continue as ETF markets mature and the supporting financial infrastructure within the cryptocurrency market strengthens. Kendrick added:

ETFs have attracted a net flow of $39 billion so far, supporting the theory of pent-up demand that is unleashed with greater access. Donald Trump's order on January 23 for the administration to evaluate a possible national reserve of digital assets is also significant, as it could encourage other central banks to consider investments in Bitcoin.


If the Trump administration moves forward with establishing a national reserve of digital assets, Bitcoin's volatility could decrease further. This could attract traditionally risk-averse investors who previously hesitated due to BTC's price swings.