Bitcoin to $500K? Everything needed for Standard Chartered’s bet to become reality! – BitRss

• Bitcoin is facing a pullback, but Standard Chartered has a bold outlook—$500,000 before Trump’s presidency ends
• With growing institutional interest, and political backing, could BTC ($97,194.74) be gearing up for its biggest rally yet?

While Bitcoin [BTC] faces a bearish pullback driven by macroeconomic uncertainty,  Geoffrey Kendrick, Standard Chartered’s Head of Digital Asset Research sees a brighter future. In fact, he’s in the news today after he set a bold $500k target for the leading crypto asset before the end of Trump’s presidency. 

AMBCrypto unpacks the key drivers that could make—or break—this bold prediction.

What would it take?

2025 kicked off with bold predictions – Bitcoin strategic reserves, banks offering BTC services, and a $150k price target.

Two months in, BTC’s still under $100k. Clearly, the market’s gone the other way, with investors playing it safe and chasing quick profits.

In this environment, a $500k prediction from Standard Chartered might sound a bit too ambitious. However, what grabbed AMBCrypto’s attention? This target was ma…