Standard Chartrad is expected to reach the price of Bitcoin to $ 500,000, driven by the Trump encryption reserve
Standard Charterd holds that Bitcoin will make $ 500,000, noting the expected effect of President Trump’s proposed reserve.
The bank turns its strategy from “selling to marches” to “purchase of declines”. This approach is in line with its appreciation to increase gradual prices of up to $ 200,000 by the end of 2025 and 300,000 dollars by the end of 2026 and $ 500,000 by the end of 2028.
The Domino effect on Crypto Reserve
The encryption market has increased 11 % since Donald Trump has commanded the creation of a reserve. This procedure comes after February is difficult for Bitcoin, which has recorded its lowest month since June 2022.
Suggested backup plans include adding ETHEREUM, XRP, Solana and Cardano as well as Bitcoin. These five currencies include a large part of the 3.2 trillion cryptocurrency market.
The official acceptance of encrypted currencies indicates a major change in the government’s position on digital assets.
Moreover, the new position towards Bitcoin (BTC) can inspire similar projects throughout the United States and possibly in other countries.
Jeffrey Kendrick, global head of digital asset research at Standard Charterd, notes that the federal government’s move can “The individual fuel countries also to adopt their Bitcoin reserves, and in the end they maintain the extent of bitcoin just like the federal government.”
In addition, a report issued by the Matthew Sigel from VANECK suggests that if more than 20 strategic Bitcoin reserve bills are currently being signed under study in various states in the law, state governments can collectively buy more than 242787 BTC.
This initiative can enhance support for the Senator Sinatia Lomes Strategic Reserve Law, which is what Suggest That the United States purchase 200,000 Bitcoin annually to accumulate 1,000,000 BTC.
Crystal reserves aspirations
Financial responsibility is one of the main concerns when creating a encryption reserve. The bank suggests that you get many budget neutral strategies Bitcoin Without imposing additional costs on taxpayers.
For example, options will include the sale of some gold reserves in the country – estimated at about $ 758 billion; Using the stability fund in the US Treasury or merging the budget neutral plans into the Bitcoin Law of 2024 Lummis.
Read more: Pepe Vs Bitcoin Pepe: Which Mimi currency deserves your money?
https://cdn.banklesstimes.com/bt/content/uploads/2025/03/GmPiviaXsAArvNp.jpg
