Standard Chartered Holds $500K BTC Call as Trump Cites China Risk
Bitcoin News: Standard Chartered’s Geoffrey Kendrick is standing by his Bitcoin price prediction of $500,000 earlier than Trump leaves workplace, even as BTC trades over $64,000, roughly 49% under the $126,198 all-time high set in October 2025.
The hole between Kendrick’s goal and present worth is the apparent headline, however the extra structurally fascinating query is what it takes for the thesis to stay credible after the financial institution already missed its $200,000 name for 2025.
Trump’s renewed public endorsement of Bitcoin, delivered at a White House occasion on July 6, has introduced Standard Chartered’s long-term forecast again into focus.
The president explicitly cited geopolitical competitors as his major rationale, warning that ceding the area to rivals would carry strategic prices the US can’t afford.
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Bitcoin News: China Framing Sharpens the Policy Signal
He pressed the geopolitical case straight: “And Bitcoin, no person even understands how highly effective it’s. The capital flows, no person understands how highly effective it’s.” The “major motive” for his help, Trump stated, was simple: “If we don’t have it, China’s going to have it.”
The China framing carries a particular coverage weight. China has maintained one of many world’s strictest bans on crypto buying and selling and mining since 2021 whereas creating its personal central financial institution digital foreign money.
Trump’s argument, that digital asset dominance is a sovereignty query, not only a monetary one, offers the White House’s pro-crypto posture a nationwide safety anchor that’s more durable to stroll again than a market-driven endorsement.
That framing straight reinforces the regulatory tailwind that underpins Kendrick’s BTC worth goal. Legislative readability beneath a sympathetic administration, mixed with institutional entry by way of spot ETFs, is the structural spine of Standard Chartered’s bull case, not a short-term momentum commerce.
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Geoffrey Kendrick’s $500K Target: What the Bank Is Actually Saying
Kendrick, Standard Chartered’s Global Head of Digital Assets Research, first put the $500k Bitcoin name on file in a February 2025 CNBC look.
At the time, he framed the goal round Trump’s regulatory agenda offering a long-term structural increase: “That ought to add to that medium-term upside potential, which for me is Bitcoin as much as $200,000 this yr and $500,000 earlier than Trump leaves workplace,” he stated.
BTC didn’t attain $200,000 in 2025. It peaked at $126,198 in October earlier than pulling again. Despite that miss, Standard Chartered and Kendrick haven’t retracted the Bitcoin 2026 and past roadmap, persevering with to quote institutional inflows, sovereign adoption, and Bitcoin’s fastened provide as the thesis pillars that stay structurally intact no matter near-term volatility.
Standard Chartered’s $500,000 stays the said Trump-term endpoint for the financial institution’s forecast. BTC’s current positioning near $64,000, pressured by geopolitical uncertainty and macro headwinds, means the gap between present worth and that concentrate on is substantial, making near-term waypoints the primary check of whether or not the thesis holds.
Not all analysts share the conviction. Some exterior analysts argue {that a} sustained low-to-mid six-figure Bitcoin worth over the long run is a extra conservative base case, and that additional draw back stays potential earlier than any sturdy restoration takes maintain.
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