Access for investors to Bitcoin increased greatly back in January 2024 with the introduction of spot exchange-traded funds (ETFs) in the US, says Kendrick, the bank’s head of FX research, west and digital assets research in his Feb 5 note.
Geoff Kendrick of Standard Chartered, having made a bull case for Bitcoin (BTC) to hit US$200,000 ($270,153) by end of this year, has now further expanded on his thesis to predict that the most famous cryptocurrency will reach US$500,000 by end of 2028, when Donald Trump, widely seen as a supporter of digital currency ends his sequel term.
As at 12.30pm Singapore time, Bitcoin changed hands at US$97,712.14, up 126.8% over the past 12 months.
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