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The price of Bitcoin (BTC) is likely to reach $500,000 by 2028, according to a new forecast from British bank Standard Chartered.
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The bullish forecast is based on increased investor access to the largest cryptocurrency by market capitalization, as well as less volatility. In a note to clients, Standard Chartered adds that Bitcoin will also benefit from its growing role as a hedge against inflation and other economic issues.
Geoffrey Kendrick, the global head of digital asset research at the bank, says that BTC is likely to become less volatile as U.S. exchange-traded funds (ETF) that track its price mature. He adds that access to Bitcoin is already improving under the administration of U.S. President Donald Trump.
BTC Price Targets
Standard Chartered also expects institutional inflows into spot BTC ETFs will keep growing in coming years. This is “enough to drive Bitcoin to $500,000 before Trump leaves office,” concludes Kendrick in his assessment for clients.
Standard Chartered’s year-end price target for Bitcoin in 2025 is currently $200,000, while its 2026 target has been set at $300,000. The bullish outlook comes as cryptocurrencies have risen sharply since Trump was re-elected last November on a promise to make the U.S. the “crypto capital of the planet.”
Bitcoin is currently trading at $96,784, having gained about 3% so far in 2025.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has risen 28.24% in the last 12 weeks.
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