Standard Chartered Bank: Bitcoin to Reach $200,000 This Year, Then Increase by $100,000 Annually for 3 Years

On February 5th, Standard Chartered Bank forecasted that the price of Bitcoin (BTC) would surge to $500,000 prior to Donald Trump leaving his position as the President of the United States. The bank holds the view that this price increase would be facilitated by a more regulatory-friendly atmosphere and a broader path for asset acquisition. Standard Chartered Bank believes that the price of Bitcoin will reach $200,000 in 2025, steadily rise to $300,000 in 2026, increase to $400,000 in 2027, and then ascend to $500,000 in 2028. Standard Chartered Bank considers the main reason for Bitcoin's growth potential to be the enhanced investor participation since the launch of a Bitcoin exchange-traded fund (ETF) in the United States in January 2024. Standard Chartered Bank analyst Geoff Kendrick pointed out that the narrative of national digital asset reserves is also of great significance for Bitcoin, as this might prompt other central banks to contemplate Bitcoin investments. If this initiative starts to take shape, the sharp fluctuations in Bitcoin will be alleviated, attracting traditional investors who were previously worried about price volatility. The increased investor participation and reduced volatility are expected to result in a long-term price increase.