Trump-Era Bitcoin Boom? $500K Target Fuels Market Buzz

Bitcoin could be heading for $500,000 by the end of Donald Trump’s presidential term, according to Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick.

In a bold new forecast, Kendrick reaffirmed the bank’s BTC price target of $500,000 by 2029, attributing the rise to increasing institutional and government interest in Bitcoin — particularly through indirect exposure like MicroStrategy (MSTR) stock.

After Kendrick’s Tuesday investor note, BTC briefly surged above $107,000, signaling renewed market enthusiasm.

Why $500K?

Standard Chartered’s thesis is backed by SEC 13F filings, which reveal U.S. institutional investment trends. These Q1 2025 reports showed rising Bitcoin-related exposure among large asset managers — especially via MSTR holdings, which Kendrick says serve as a regulatory-friendly workaround for direct BTC ownership.

“We believe in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations prohibit direct ownership,” Kendrick noted.

Bonds Losing Their Shine

Kendrick’s case for Bitcoin is also supported by macroeconomic shifts. A recent KKR & Co. report warns that government bonds are losing their traditional role as safe-haven assets. On risk-off days, bonds are failing to protect portfolios — prompting CIOs to consider alternative hedges like Bitcoin and gold.

“Government bonds are no longer the shock absorbers they once were,” said Henry McVey of KKR.

Yields are rising globally. Japan’s 30-year bond yield hit a record 3.15%, while U.S. 30-year Treasuries briefly broke 5%, suggesting heavy bond sell-offs and waning investor confidence.

Bottom Line:

Bitcoin’s role as a hedge in a world of weakening bonds and growing regulation is becoming clearer — and the Trump-era forecast of $500K BTC is adding fuel to the speculation fire.

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