Geoffrey Kendrick, a senior executive at Standard Chartered, has presented his outlook on Bitcoin’s price trajectory, foreseeing substantial appreciation in the coming years. His projections suggest that Bitcoin may ascend to $200,000 by late 2025, advance to $300,000 by the conclusion of 2026, surpass $400,000 by 2027, and ultimately reach $500,000 before 2029, where he expects it to stabilize.
Factors Influencing Bitcoin’s Predicted Growth
Kendrick attributes this expected uptrend to evolving regulatory policies that will enhance investor access to Bitcoin. He believes that under a potential Donald Trump administration, the regulatory environment for cryptocurrencies would be more lenient compared to the stricter measures seen under Joe Biden’s presidency, creating a more supportive ecosystem for digital assets.
The Impact of Bitcoin ETFs on Market Expansion
A significant catalyst for Bitcoin’s projected growth is the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States, which launched in January 2024. Kendrick reports that these investment vehicles have already attracted $39 billion in net capital inflows, reflecting heightened institutional interest and broader accessibility for investors.
Stabilizing Market Volatility Through Institutional Integration
As the financial ecosystem surrounding Bitcoin matures, Kendrick predicts a decline in its volatility. The expansion of derivatives markets, options trading, and increased involvement of institutional players are expected to bring greater stability, further reinforcing Bitcoin’s upward trend. He draws a parallel with gold, which experienced a 4.3-fold price increase following the introduction of exchange-traded products (ETPs) in 2004. Kendrick foresees Bitcoin ETFs mirroring this pattern but within a shorter timeframe—roughly two years instead of seven.
Solana’s Prospective Acceleration
Additionally, Kendrick has suggested that Solana might outpace Bitcoin in relative growth, particularly if Donald Trump secures a presidential victory. In such a scenario, he envisions Solana’s price potentially rising fivefold, outperforming Bitcoin’s expected rate of appreciation.
