Standard Chartered Bank Re-focuses On $500,000 Bitcoin Target After Trump Crypto Reserve Announcement

Just one day after US President Donald Trump announced that Bitcoin will “in the heart” of a national strategic encryption reserve, Jeff Kendrick, head of digital asset research at Standard Charterd, stated that he is now re -focusing on “the goal of the Bitcoin price of 500 thousand dollars.”

“We have moved from selling marches to buying declines,” Kindrik It is said I mentioned in an email. Thus I re -focus on Bitcoin's goal worth $ 500,000 … Given these developments, which are in line with our previous expectations, we target Bitcoin to reach $ 200,000 by the end of the year 2025. After that, we expect Bitcoin to reach 300,000 dollars by the end of 2026, $ 400,000 by the end of $ 2027, and $ 500,000 by an end 2028, where it will continue at the end of 2029

Kendrick also discussed that Trump's embrace of Bitcoin in a strategic reserve can also feed individual countries to build their bitcoin reserves, and in the end, many bitcoin like the federal government together.

Vaneck's Matthew Sigel also recently submitted a recent report on the potential accumulation of Bitcoin by individual states, as it offered that if it signed the law, the demand from 20+ of the Bitcoin strategic bills may witness the purchase of more than 242,787 BTC. You can track the status of these bills Here on Bitcoin laws.

Trump's announcement of an official Bitcoin Reserve may be likely to support the support of the Senator Senate Senate Lomes, which was unveiled at the Bitcoin 2024 conference in Nashville last summer, which will witness the purchase of 200,000 bitcoins annually until you buy 1,000,000 BTC. Lummis has already met with the new Trump encryption David Sachs And the treasury minister Scott Al -Rahman About bitcoin reserve bill, and He said In January, “Every legislator gives this legislation a serious look. Time now. President Zaeer Al -Basir and we are ready to obtain this bill to his office.”