Standard Chartered has projected that Bitcoin could reach $500,000 by 2028, fueled by growing institutional access through spot bitcoin ETFs and a decrease in volatility, positioning it as a hedge against challenges in traditional finance.
Geoffrey Kendrick, the global head of digital assets research at the bank, explained that Bitcoin’s volatility is expected to decline as the U.S. ETF market matures. This reduction in volatility, coupled with rising institutional interest in spot bitcoin ETFs, is anticipated to increase Bitcoin’s role in portfolios alongside gold. This trend will drive Bitcoin’s price upwards, ultimately reaching $500,000 before the end of the Trump administration.
For the short term, Standard Chartered has set a price target of $200,000 for Bitcoin by the end of 2025, with a further increase to $300,000 by 2026.
Currently, Bitcoin is trading near $98,000, while the bitcoin-to-gold ratio has dropped to its lowest level since mid-November, coinciding with a surge in gold prices amid U.S.-China trade tensions and rising demand from China.
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