Standard Chartered’s analyst, Geoffrey Kendrick, forecasts that Bitcoin could soar to $500,000 by the end of 2028. He believes this surge will be driven by better access for investors and a decrease in Bitcoin’s supply.
Kendrick points out that as more platforms and services make it easier to invest in Bitcoin, more people will buy it. At the same time, the number of new Bitcoins being created is slowing down, which could make existing Bitcoins more valuable.
This prediction aligns with other experts who see Bitcoin as a strong investment. For example, David Sacks, the U.S. Crypto Czar, recently called Bitcoin an “excellent store of value.”
In summary, Standard Chartered believes that with easier ways to invest and fewer new Bitcoins being made, the cryptocurrency’s value could reach impressive heights in the next f
ew years.
