Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered on Wednesday predicted that Bitcoin (CRYPTO: BTC) could reach $500,000 before the end of Donald Trump‘s term.
What Happened: Kendrick attributes this forecast to two key factors: improved investor access to Bitcoin under the current administration and a gradual decline in volatility due to maturing market infrastructure.
“Access is improving under the Trump administration. Institutional inflows will continue to gather pace,” Kendrick wrote, highlighting the impact of spot Bitcoin ETFs and expanding options markets.
“This combination—more access, lower vol—is enough to drive Bitcoin to $500,000 before Trump leaves office,” he added.
Meanwhile, …
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