The price of Bitcoin (BTC) could balloon at $ 500,000 by 2028, raised by increased access to investors and the drop in volatility which will help to maintain it as a single coverage against problems that afflict traditional finances , according to Standard Charted.
The largest cryptocurrency is likely to become less volatile as the US exchange market (ETF), one year old, Geoffrey Kendrick, the world chief research on digital assets, wrote in a note.
Access to the BTC improves under the Trump administration and institutional entries in the Bitcoin SPOT FNB should continue to grow, he wrote. The two influences should increase the share of bitcoin of a portfolio optimized to two assets with gold, which “should lead to an appreciation of the longer term prices while the portfolio continues to progress towards their optimal / logical state “Wrote Kendrick.
It is “enough to drive Bitcoin at $ 500,000 before Trump leaves his duties”.
The end-of-year end-of-year price of the cryptocurrency is $ 200,000. The target of 2026 is $ 300,000.
Bitcoin is currently negotiating around $ 98,000, and the Bitcoin-Gold ratio has recently reached its lowest level since mid-November while precious metal has increased in the middle of the continuous concerns of an American-Chinese trade war and D ‘increased Chinese demand.
