Despite the turbulence surrounding bitcoin, some analysts remain optimistic about the future of the leading cryptocurrency. "We continue to target a bitcoin price of $200,000 by the end of 2025. Following that, we predict bitcoin will reach $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028," says Geoff Kendrick, head of cryptocurrency research at Standard Chartered, in a note reviewed by The Block.
According to the expert, several factors suggest a surge in bitcoin's price. Primarily, bitcoin is becoming a significant asset class in investors' portfolios, especially since the launch of bitcoin spot ETFs in 2024. Additionally, the proposed strategic reserve of cryptocurrencies in the U.S. is expected to benefit bitcoin.
During the crypto summit at the White House this Friday, Donald Trump is expected to outline the details of this strategic reserve, having already listed the five cryptocurrencies that will form it (XRP, Solana, ADA, Ether, and Bitcoin). Kendrick believes this project, initially focused solely on bitcoin, could encourage U.S. states to hold their own strategic reserves of bitcoin. The pro-crypto policy of Donald Trump appears to be advantageous for the entire cryptocurrency ecosystem. Bitcoin has surged 74% since Trump's election but has recently experienced volatility amidst investor concerns over his trade policies, losing 10% of its value in the past month, trading at $90,900 as of Thursday, March 6th at 1:30 PM.
