Bitcoin Price Could Reach $500K Before Trump Concludes Second Term, Standard Chartered Predicts
Although recent setbacks and a significant sell-off have brought Bitcoin to three-month lows, Standard Charters maintains a strong bullish position on the BTC market forecast. Geoffrey Kendrick, head of digital assets research at the bank, predicts that Bitcoin will climb to $500,000 before Donald Trump’s presidency. Additionally, by the end of 2025, the price of BTC may reach $2 million.
Despite the new lows, Bitcoin is still optimistic
Standard Chartered predicts that although U.S. President Donald Trump introduced high volatility in risky assets in his first month of office, his administration could ultimately benefit Bitcoin.
In CNBC interviewGeoffrey Kendrick, head of digital assets research at Standard Charter, expects Bitcoin’s price to reach $200,000 this year. He expects it will rise to $500,000 by the end of President Trump’s second term, which is affected by the possibility of institutional adoption and clearer regulations.
Kendrick said the crypto ecosystem will benefit from the participation of traditional financial institutions such as Standard Charter, Blackrock and others who manage ETFs. He stressed that their participation was crucial.
Kendrick also mentioned that as the industry grows bigger, it should become safer and may attract fewer negative titles, such as the recent $1.5 billion hacking attack on cryptocurrency exchanges bybit last week.
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He added that the rate of institutional adoption of cryptocurrencies is expected to continue to rise over time, as well as some regulatory clarity in the United States.
Earlier this week, Bitcoin fell below $90,000 in global stock markets, according to Coingecko data. On Thursday, the price of Bitcoin reached a transaction value of $82,256, down about 20% from its January peak.
Geoffrey Kendrick noted that the cryptocurrency market has fallen significantly due to uncertainty surrounding tariffs and the resolution of major conflicts such as Russia-Ukraine and Israel-Gaza.
Despite corrections, Bitcoin’s prospects are strong
Bitcoin has recently fallen by $82,000, reaching a three-month low in response to a wider market decline. Market uncertainty is reflected in Bitcoin’s short-term holder spending margin (STH-SOPR), which hovers around the critical 1.0 breakeven level. A report from GlassNode shows that this threshold has been historically broken, indicating bullish momentum, and failures could trigger another wave of sales.
The STH-SOPR ratio ranges from 0.98 to 1.04, closely following the price movement of Bitcoin. Recently, this suggests short-term holders uncertainty, affecting the potential for Bitcoin to reach new highs or face further declines.
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However, global macro investor Julien Bittel regards Bitcoin’s recent price decline as “normality in a bull market”, especially after a massive price increase following the U.S. presidential election.
As Bitcoin trades at a lower price, it offers a attractive opportunity for whales and institutions to buy more during this decline. As purchase interest increases, BTC’s price may experience a strong recovery, possibly launching another bull in the next few weeks.
