Bitcoin's price prediction by Standard Chartered:
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Bitcoin’s price remained below $100,000 on Thursday as the broader cryptocurrency market faced risks from global economic uncertainty. Despite this, experts remain optimistic about Bitcoin’s long-term growth. Geoffrey Kendrick, head of digital assets research at Standard Chartered, predicts that Bitcoin could reach $500,000 by 2028. He believes that increasing investor access and decreasing volatility will play key roles in pushing Bitcoin’s value higher over the next few years.
One major factor supporting this prediction is the improved access to Bitcoin investments. The launch of U.S. spot Bitcoin ETFs in January 2024 has already brought in $39 billion in new investments. Kendrick expects this trend to continue as more financial products become available. As more institutional investors participate, Bitcoin’s price is expected to stabilize, making it a more attractive investment.
Another important factor is the reduction in Bitcoin’s volatility. Kendrick points to the development of financial infrastructure, such as options markets, which help create a more stable trading environment.
https://www.cryptocrit.xyz/2025/02/crypto-price-prediction-bitcoin-btc.html
Topic: Crypto price prediction: Bitcoin (BTC) will reach $500k by 2028? (Read 1 times)
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