$500K Bitcoin Prediction
Can Bitcoin really hit $500,000? Standard Chartered says yes, pointing to Trump's warning on China. 📈
What the video says
A massive 49% drop has left Bitcoin trading at $64,000, far below its all-time high of over $126,000. Yet banking giant Standard Chartered is doubling down on an eye-catching prediction.
Research chief Jeffrey Kendrick is standing by his bold call that Bitcoin will reach $500,000. This big swing comes even after the bank missed its $200,000 target for last year, A turning of the tide may be underway at the White House.
President Donald Trump recently endorsed the asset, warning that if the US does not embrace it, China will dominate the space. The bank argues that this geopolitical framing, alongside spot ETFs and institutional inflows, structurally supports the massive climb.
However, outside analysts are skeptical, arguing that a more conservative low to mid-six-figure range is a realistic long-term base case.
