Standard Chartered Bank: Bitcoin is expected to reach $200000 this year, with an annual increase of $100000 over the next three years

According to BlockBeats, on February 5th, Standard Chartered Bank predicted that the price of Bitcoin (BTC) would soar to $500000 before Donald Trump steps down as the President of the United States. The bank believes that this price increase will benefit from a more favorable regulatory environment and a wider range of asset acquisition channels. Standard Chartered Bank believes that the price of Bitcoin will reach $200000 by 2025, steadily increase to $300000 by 2026, $400000 by 2027, and then $500000 by 2028. Standard Chartered Bank believes that the main reason for the growth potential of Bitcoin is the increased participation of investors since the launch of Bitcoin spot exchange traded funds (ETFs) in the United States in January 2024. Standard Chartered Bank analyst Geoff Kendrick said that the narrative of national digital asset reserves is also important for Bitcoin, as it may encourage other central banks to consider investing in Bitcoin. If this measure is implemented, the severe volatility of Bitcoin will be alleviated, attracting traditional investors who were previously concerned about price fluctuations. Investor participation and lower volatility should lead to long-term price increases.