Bitcoin Will Hit $500,000 by 2028 – Standard Chartered

Standard Chartered’s Geoffrey Kendrick envisions a dramatic rise for Bitcoin, forecasting a price of $500,000 by 2028.

He links this potential surge to easier investor access and reduced market volatility, particularly as institutional participation grows.

Kendrick highlights the impact of U.S. spot Bitcoin ETFs, which launched in early 2024 and have already attracted substantial inflows.

He argues that as these ETFs mature and financial instruments like options expand, Bitcoin’s volatility will decline, making it more attractive to long-term investors.