Geoff Kendrick, head of digital assets research at Standard Chartered Bank, is predicting a bullish future for Bitcoin, with a potential price of $200,000 by the end of 2025. Kendrick attributes this forecast to growing concerns about the Federal Reserve’s independence and Bitcoin’s role as a hedge against risks in the traditional financial system. As economic uncertainties loom, Bitcoin’s decentralized nature and independence from government or institutional control make it an attractive safe haven for investors.
The collapse of Silicon Valley Bank in March 2023 is cited as an example of Bitcoin’s resilience, as it rallied while traditional assets faltered. Investors are increasingly viewing Bitcoin as a buffer against systemic risks, particularly when trust in conventional institutions wanes. Kendrick also points to the U.S. Treasury term premium, which has hit a 12-year high, reflecting investor caution toward long-term Treasury bonds. This yield disparity has historically benefited Bitcoin, and Kendrick expects this trend to continue.
Standard Chartered’s forecast is based on confidence in Bitcoin’s long-term growth, driven by persistent macroeconomic uncertainties and eroding trust in centralized financial systems. Market trends support this view, with robust institutional demand and inflows into Bitcoin ETFs. As of April 22, 2025, the Bitcoin ETF net flow recorded a significant inflow of $912.70 million, with historical values showing $248.70 million over the last three months.
While the path to $200,000 hinges on sustained investor confidence and favorable economic conditions, Kendrick is optimistic about Bitcoin’s potential. He projects an even loftier target of $500,000 by 2028, driven by the same factors. However, it’s essential to approach such projections with caution, as Bitcoin’s price remains sensitive to global economic and political developments. Regulatory crackdowns, shifts in monetary policy, or reduced institutional interest could derail Standard Chartered’s forecast.
Overall, Standard Chartered’s prediction highlights Bitcoin’s growing appeal in volatile markets and its potential as a hedge against financial risks. As investors increasingly seek safe havens, Bitcoin’s decentralized nature and independence from traditional financial systems make it an attractive option. While the future is uncertain, Kendrick’s forecast suggests that Bitcoin’s price could continue to rise as investors seek to diversify their portfolios and protect themselves from economic uncertainty.