Bitcoin Price Prediction by Standard Chartered Analyst
An analyst from Standard Chartered predicts that the price of Bitcoin (BTC) has the potential to reach USD 500,000 or Rp8.2 billion during the term of US President Donald Trump. This optimism comes despite the selling pressure that has pushed the world’s largest digital currency to its lowest level in three months.
Citing CNBC International, the head of digital asset research at Standard Chartered, Geoffrey Kendrick, stated that he believes Bitcoin will reach USD 200,000 or Rp3.3 billion this year before rising further in the years to come. Kendrick emphasized the importance of traditional financial players entering the crypto ecosystem to bring more stability and security.
He also mentioned that the involvement of large financial institutions in investing in Bitcoin and other crypto assets requires price stability and regulatory clarity. This would lead to less negative headlines, such as the recent $1.5 billion hacking incident on the Bybit crypto exchange.
Despite Bitcoin’s recent drop to below USD 90,000 and trading around USD 86,418 on Thursday, it is still down about 20% from its all-time high of USD 108,786 in January 2025, according to CoinGecko data. Investors are advised to do their own research and analysis before making any investment decisions, as the market remains volatile.
In conclusion, the prediction of Bitcoin’s price reaching USD 500,000 is based on a positive outlook from Standard Chartered analyst. However, investors should exercise caution and perform thorough due diligence before entering the crypto market.
