Catenaa, Thursday, February 06, 2025 – Standard Chartered head of digital assets research, Geoffrey Kendrick, predicts Bitcoin could surge to $500,000 before the end of Donald Trump’s term, citing improved investor access and declining market volatility.
Kendrick points to the expansion of spot Bitcoin exchange-traded funds (ETFs) and a more mature trading infrastructure as key drivers of institutional inflows.
“Access is improving under the Trump administration. Institutional inflows will continue to gather pace,” he wrote, emphasizing that these factors could propel Bitcoin to unprecedented levels.
The surge in institutional investment was reflected on February 4, when Bitcoin spot ETFs saw net inflows of $341 million, including $249 million into BlackRock’s IBIT ETF. Ethereum ETFs also recorded a net inflow of $308 million, marking four consecutive days of gains.
Despite Bitcoin holding above $90,000, concerns over geopolitical instability, including the U.S.-China tariff war, remain a risk.
QCP Capital noted that delays in tariffs against Mexico and Canada have offered some relief to crypto markets but warned of potential price shocks due to the lack of near-term catalysts.
Kendrick also highlighted regulatory developments, including stablecoin legislation and a Strategic Bitcoin Reserve task force, as long-term positives for the crypto industry.
