Bitcoin could hit $500K before Trump leaves office — Standard Chartered
Standard Chartered’s head of digital assets research believes BTC will hit $200,000 this year and $500,000 before President Trump concludes his second term.
US President Donald Trump’s first month in office has been highly volatile for risk assets, but his administration will likely be a net positive for Bitcoin in the long run, according to Standard Chartered.
In a Feb. 27 interview with CNBC, Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said he expects Bitcoin’s (BTC) price to reach $200,000 this year before surging to $500,000 before President Trump concludes his second term. He cited growing institutional adoption and the potential for clearer regulations as positive catalysts.
Geoffry Kendrick responds to “crypto’s $800 billion wipeout.” Source: CNBC
