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2 things could drive bitcoin to $500,000 during Trump's term, a top crypto analyst says
Bitcoin's record-setting rally will push the crypto to a $500,000 price tag by the end of 2028, according to Standard Chartered. There are two reasons behind the bank's sky-high forecast: better access for investors and lower volatility. In a Wednesday note, analyst Geoff Kendrick outlined that these two factors will increase bitcoin's price by around $100,000 each year, before gains plateau in 2029. The $500,000 outlook implies a 407% increase from the token's current price. "Although the near-term remains choppy for Bitcoin, the long-term is becoming clearer by the day," the global head of digital assets research ... (full story)
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- Posted: Feb 5, 2025 1:01pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 148
