Standard Chartered Provides 5-Year Bitcoin Forecast: See the Target

Leading concern slope Standard Chartered recently published a five-year Bitcoin forecast. The planetary slope remains bullish connected BTC’s prospects and predicts its terms could sustainably standard up successful the indices. Analysts wrote that accumulating Bitcoin astatine its existent terms of $100,000 is arsenic bully arsenic buying the dips. Institutional funds are accumulating BTC successful droves contempt the integer plus hovering astir its all-time high.

Also Read: Most Used Currencies successful the World: SWIFT Data

The US Securities and Exchange Commission (SEC) approved the Bitcoin ETF successful March past year. The determination allowed trillion-dollar concern funds similar BlackRock, Fidelity, VenEck, and Grayscale, among others to put successful the cryptocurrency. The influx of caller investments pushed BTC to ascent supra the $100,000 people successful 2024. Taking each things into consideration, Standard Chartered has present forecasted a five-year people for Bitcoin.

Also Read: Solana (SOL) February 2025 Price Prediction

Bitcoin: 5-Year Price Target For BTC From Standard Chartered

Source: Watcher Guru

Standard Chartered predicts that Bitcoin could emergence by $100,000 each twelvemonth for the adjacent 4 years. The slope wrote that organization funds are going agelong connected BTC and adjacent the US authorities has maintained a affirmative stance connected the broader cryptocurrency market. The adjacent 4 years nether the Trump medication could marque BTC flourish and deed caller highs, it wrote.

Also Read: Shiba Inu (SHIB) & Ripple (XRP) Mid February Price Prediction

Below is the five-year terms prediction for Bitcoin from Standard Chartered analysts:

2025 – $200,000
2026 – $300,000
2027 – $400,000
2028 – $500,000
2029 – $500,000

“We proceed to people BTC to scope the $200,000 level by year-end 2025. Thereafter, we spot BTC reaching levels astir $300,000 by end-2026, $400,000 by end-2027, and $500,000 by end-2028, remaining determination until end-2029,” work the 5-year Bitcoin prediction from Standard Chartered.

According to Standard Chartered, Bitcoin could scope $500,000 successful 2028 and support the aforesaid stance successful 2029. That’s a leap of 400% from its existent terms of $100,000. Therefore, adjacent owning 1 Bitcoin could present monolithic returns if the forecast turns retired to beryllium accurate.