Bitcoin can reach 500 thousand dollars before Trump concludes the second chapter, as Standard Charterd expects
Despite the recent setbacks and a large sale, the Bitcoin raised to its lowest level for three months, Standard Charted maintains a strong upward position on the BTC market predictions. Jeffrey Kendrick, head of the bank’s digital asset research, expects that Bitcoin will rise to $ 500,000 before Donald Trump’s presidency ends. In addition, the BTC price may reach $ 200,000 by the end of 2025.
Bitcoin is still optimistic despite a new decrease
Standard Chartard predicts that although the first month of US President Donald Trump in office has made great volatility to the origins of risk, his administration can eventually benefit from bitcoin.
In CNBC interviewJeffrey Kendrick, head of digital asset research in Standard Charterd, expected that the Bitcoin price would reach $ 200,000 this year. It is expected to rise to $ 500,000 by the end of President Trump’s second term, and is affected by the increase in institutional adoption and the potential of the regulations.
Kindrik stated that the ecosystem for encryption will benefit from the participation of traditional financial institutions such as Standard Charged, Blackrock and others who manage the traded investment funds. He highlighted that their participation is very important.
Kendrick also mentioned that with the growth of the industry more, it must become safer and may attract lower major addresses, such as the last penetration of $ 1.5 billion on the Cryptocurrency Stock Exchange Pipe Last week.
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He added that it is expected that the accreditation of cryptocurrencies by institutions, as well as some organizational clarity in the United States, will gradually reduce market fluctuations over time.
Earlier this week, Bitcoin decreased to its lowest level for three months, as it decreased to less than 90,000 dollars amid declines in global stock markets, according to Coingecko data. On Thursday, Bitcoin price reached a trading value of $ 82,256, which represents a decrease of approximately 20 % from its peak in January.
Jeffrey Kendrick indicated that the encryption market has decreased widely due to the uncertainty surrounding definitions and the resolution of major conflicts such as those in Russia, Ukraine and Israel, Gaza.
Strong Bitcoin expectations despite the correction
Bitcoin recently decreased to less than 82,000 dollars, with a three -month lowest level in response to the wider market drops. The uncertainty in the market is reflected in the short-term product profit rate in Bitcoin (STH-SOPR), which hovers near the drawing level of 1.0 embarrassment. A report from Glassnode indicates that a fracture above this threshold refers historically to the bullish momentum, while failure may lead to another wave of sale.
The ST-SOPP ratio, which ranges from 0.98 to 1.04, was closely followed by Bitcoin price movements. Recently, she indicated that short -term holders are unconfirmed, which affects Bitcoin’s capabilities to reach new levels of levels or face other declines.
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However, Julian Beetle, a Macro global investor, described the low prices in Bitcoin as “a natural occurrence in the bull markets”, especially after the large prices that followed the American presidential elections.
With Bitcoin trading at a lower price, it offers an attractive opportunity for whales and institutions to buy more during this decrease. With the increased purchase interests, the BTC price can suffer from strong recovery, and another bull may start operating in the coming weeks.
