According to Standard Chartered, Bitcoin could reach $ 500,000 by 2028. The bank estimates that institutional adoption and the development of financial markets will support this progression.
Half a million dollars per BTC within 3 years
When you are interested in Bitcoin, and more particularly in the evolution of its price, we see that it mainly follows cycles of around 4 years, reaching increasingly high historical peaks each time. By extrapolating past performance, the technical analyzes of the graphics sometimes anticipate impressive valuations.
Many political and financial figures have shared their forecasts on the future of the BTC. Among them, Eric Trump, son of Donald, Planb analyst or Arthur Hayes, founder of Bitmex, who anticipates a bitcoin at a million dollars. Conversely, some believe that Bitcoin will eventually disappear and will not be worth anything.
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Recently, The Standard Bank Chartered shared its forecast with the media The Block, believing that Bitcoin course could reach $ 500,000 by 2028.
Geoffrey Kendrick, global manager of digital asset research at Standard Charterd, says:
“Access improves under the Trump administration. Institutional entries will continue to accelerate. And volatility will gradually decrease as the quality of flows improves and other infrastructures (for example, optional markets) develop. »»
According to Kendrick, these developments in American finance “Be enough to propel Bitcoin $ 500,000 before the end of Trump's mandate”.
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Bitcoin $ 500,000, is it only achievable?
For BTC to reach $ 500,000, It should record an increase of 400 % in 3 years, a performance which, with regard to its history, remains possible.
However, at this level of price, the total capitalization of Bitcoin would exceed $ 10,000 billion, or almost half of that of goldwhose value has recently crossed the $ 2,880s on the ounce and is around 20,000 billion dollars.
📰 To read also in the news – for Arthur Hayes, a Bitcoin Strategic Reserve (BTC) could become a political weapon
Such a rapid increase raises questions about the future state of the American and global economy, as well as a possible acceleration in dollar inflation. In this context, Having bitcoin could offer good heritage protection, but the purchasing power of $ 500,000 in 2028 would be lower than that of the same sum today.
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Source: The Block
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
First attracted by the bait of gain, I am now trapped Deep the Rabbit Hole. Without a way out, I just have to share my knowledge and transmit the passion I have for Bitcoin. I am also the creator of Adopt A Block, an educational site dedicated to Bitcoin.
Marius Farashi Tasooji
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