What will the Bitcoin exchange rate be like in a few years?

Analyst Jeffrey Kendrick of Standard Chartered believes that Bitcoin is in a position to reach the $500,000 mark by the end of 2028, which is already during the industry’s next bullrun. The reasons for this are the growing popularity of the cryptocurrency among investors and the decreasing volatility of BTC.

Standard Chartered bank logo

At the same time, the expert noted the difficult conditions in the coin market: still, at the beginning of the week, the crypto industry experienced one of the largest liquidations in history. Here is what Kendrick said on the matter.

While Bitcoin remains volatile in the short term, the long-term potential is becoming clearer by the day.


Today, more and more factors are pointing to cryptocurrencies becoming an integral part of the finance sphere of the future. For example, the big news of the week so far has been the changes at the Securities Commission.

The SEC will no longer go after representatives of the crypto industry and will also create clarity in the regulation of this sphere. This means we can assume that the interest of investors and developers to what is happening in it will also grow, as interaction with crypto will no longer be threatened by unexpected fines.
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The representative of the British bank clearly highlighted the points that will contribute to the growth of BTC. Moreover, the new US president, who supports the niche of coins, plays a key role in them.

Access to BTC is improving under the Trump administration. Institutional fund inflows continue to gain momentum. And volatility is gradually decreasing as the quality of capital inflows increases and other infrastructure like options markets expand. These potential factors are enough for Bitcoin to rise to 500k even before Donald Trump leaves office.

US President Donald Trump and crypto and AI policymaker David Sachs

Kendrick recalled the launch of spot Bitcoin-ETFs in the US, which began trading on exchanges in January 2024. Thanks to them, capital holders were able to get in touch with instruments based on the first cryptocurrency much easier, and the exchange-traded funds themselves have recorded net inflows of more than $40 billion to date.

The more popular ETFs prove to be amid the development of financial infrastructure, the lower Bitcoin’s volatility will be. Simply put, the cryptocurrency will have fewer reasons to collapse, as buying coins will become a priority for investors. The expansion of the options market and institutional-level counterparties will also benefit.

The expert decided to use the example of gold, stock products based on which were launched in 2004. After that, the value of the precious metal jumped 4.3 times.

And according to Kendrick, Bitcoin will follow a similar path – but in just two years instead of seven in the case of gold. He continues.

As volatility declines, Bitcoin’s share of an optimised two-asset portfolio with gold increases. Investor accessibility and lower volatility should help the price in the long term as portfolios continue to move towards their optimal and logical state.

On a positive note, the Standard Chartered analyst also recalled progress on the topic of a national cryptocurrency reserve in the US. Still, on Tuesday, David Sachs, who is responsible for policy on artificial intelligence and cryptocurrencies, noted that the government is considering a national Bitcoin reserve for America. So far, there is no talk of buying coins, but the analysis of such a prospect is still taking place.

Cryptocurrency market growth

In addition, it is worth understanding that what is happening may force individual companies and organisations like banks to accumulate bitcoins for their own reserves. And this will create additional buying pressure on the digital asset. The analyst’s remarks are cited by The Block.

Given these developments, which are in line with our previous expectations, we continue to forecast BTC to rise to the 200k level by the end of 2025. We further expect BTC to reach around 300k by the end of 2026, 400k by the end of 2027 and 500k by the end of 2028, remaining at this mark until the end of 2029.

Judging by this quote, the analysts somehow don’t consider the prospect of a new bear market coming to the coin industry. Here we can assume that Bitcoin’s global recognition as a reserve asset will protect the cryptocurrency from large-scale falls, but this scenario still seems unlikely.

Still, in the history of digital assets, every bullrun has been followed by a bearish trend. In general, this is also true for the stock market, so the analysts’ forecast should be treated with caution.

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How much will Bitcoin be worth in 2045?

In general, forecasts on crypto for the long term are not a novelty. Michael Saylor, founder of MicroStrategy, now called simply Strategy, was particularly vivid.

Last summer, he shared three versions of Bitcoin’s growth by 2045. The bad version sees BTC rising to $3 million by then, while the medium version sees it rising to $13 million per coin. Finally, the best bullish outlook would end with the first cryptocurrency rising to 49 million.

Three scenarios for Bitcoin’s growth by 2045 as predicted by Strategy co-founder Michael Saylor


The version of the representative of Standard Chartered evokes mixed emotions. On the one hand, a sharp growth of Bitcoin is indeed possible as the cryptocurrency is included in the national reserves of various countries. However, along with this, experts exclude the possibility of a bearish trend, which is strange in itself. So investors should traditionally be ready for any scenarios.


Look for more interesting things in our crypto chat. We look forward to seeing you there.

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