The British bank Standard Chartered has made a bold prediction: Bitcoin (BTC) could skyrocket to an astonishing $500,000 by 2028. This would represent a 400% increase compared to its current price.
But how realistic is this projection? And what key factors are driving such an ambitious forecast?
What Is Standard Chartered’s Prediction Based On?
According to Standard Chartered, a crypto-friendly policy under Trump would play a crucial role in driving Bitcoin’s price higher.
A key factor behind this projected surge is greater institutional access to Bitcoin through spot ETFs. Since their launch in early 2024, these ETFs have already attracted $39 billion—and according to the bank, this is just the beginning.
BITCOIN COULD RISE TO $500,000 IN THE LONG TERM
Bitcoin could rise to $500,000 in the long term if investor access improves and volatility eases, Standard Chartered's Geoff Kendrick says in a note. Investor access to bitcoin jumped last month after the U.S. approved the…
— *Walter Bloomberg (@DeItaone) February 5, 2025
Standard Chartered predicts a gradual annual increase in Bitcoin’s value, with BTC rising by $100,000 per year. Based on this trajectory, Bitcoin could reach $500,000 by 2028.
At this price level:
- Bitcoin’s market capitalization would hit $10.5 trillion
- It could surpass companies like Apple and Microsoft
- BTC would represent half the total value of the global gold market
Beyond improved access for investors, Standard Chartered highlights another key factor: declining volatility.
As Bitcoin continues to gain recognition as a legitimate asset class, its volatility could decrease, making it more attractive to traditional investors who have previously avoided it.
Is a $500,000 Bitcoin Realistic?
While Standard Chartered provides arguments to support its forecast, the $500,000 target seems extremely optimistic.
A steady climb to half a million dollars per BTC during Trump’s presidency faces several challenges:
- Regulatory risks remain: Even under a crypto-friendly Trump administration, future regulations could slow Bitcoin’s growth.
- Macroeconomic uncertainty: Geopolitical tensions, inflation, and interest rate hikes could negatively impact Bitcoin’s long-term momentum.
A Bitcoin price of $500,000 is undoubtedly a bold target. If Trump enacts policies that fuel Bitcoin adoption, it could lead to a surge in acceptance and investment.
However, external factors like regulations, economic conditions, and market dynamics remain unpredictable. While Bitcoin’s long-term outlook remains bullish, hitting $500,000 in just four years is far from guaranteed.
