Standard Chartered Predicts Bitcoin (BTC) Price to Reach $500,000 by 2030

Jakarta, Pintu News – Bitcoin (BTC) price predictions are back in the spotlight after Standard Chartered, one of the leading international banks, announced a fantastic price target for the largest crypto asset. In a shocking statement, the bank with more than $70 billion in assets projected that the price of Bitcoin could reach $500,000 by 2030.

This projection triggered an immediate market reaction, with Bitcoin’s price rising about 100 basis points to the $67,500 level. This phenomenon marks the growing role of global financial institutions in shaping the sentiment and direction of the crypto market.

Standard Chartered and the Logic Behind the $500,000 Target

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, revealed this ambitious projection in a popular podcast, without the support of any formal, officially published research. According to Kendrick, this prediction is based on the scarce supply of Bitcoin (BTC) that will be met with growing institutional demand.

He compared Bitcoin (BTC) to digital gold, noting that the maximum number is only 21 million coins, so if Bitcoin (BTC) is able to match the market capitalization of gold, the price per coin could break $1.6 million. However, $500,000 is considered a base scenario, not a ceiling, with a medium-term target of $100,000 by the end of 2026.

This is not the first time Standard Chartered has made bold predictions regarding Bitcoin (BTC). Previously, the bank had predicted Bitcoin (BTC) prices in the range of $100,000-$200,000 by the end of 2021, and raised the 2025 target to $200,000 by December 2024.

The evolution of these price targets reflects the growing confidence of large institutions in Bitcoin’s (BTC) long-term potential. In addition, the approach now emphasizes institutional scarcity and demand models rather than short-term trends.

Also read: 3 Potential April 2026 Coin Memes

Current Bitcoin (BTC) Price Movement and Market Response

In the past 24 hours, Bitcoin’s (BTC) trading volume jumped 16.75% to $18.68 billion, while the market capitalization reached around $1.35 trillion. This increase in volume, although accompanied by a modest increase in price, suggests that market sentiment strengthened after Standard Chartered’s prediction was circulated, although it has not triggered a significant price spike.

The market seems to be waiting for further confirmation before going on a buying spree. This indicates that market participants are still cautious and consider various macroeconomic factors before making decisions. Technical analysis currently shows three main scenarios for Bitcoin (BTC) price movement.

In a bullish scenario, prices could break the resistance at $70,000 if spot ETF inflows and US dollar weakness continue, opening up opportunities towards $100,000 by the end of 2026. The base scenario projects prices to move in the range of $65,000-$72,000 until the third quarter, depending on the Fed’s interest rate policy and spot ETF flows. Meanwhile, a bearish scenario could occur if macro conditions worsen, with a potential drop to $50,000 before rising again.

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Positive Sentiments from Major Figures and Institutions

In addition to Standard Chartered’s prediction, the positive sentiment was also reinforced by the actions of Michael Saylor, CEO of MicroStrategy, who is known to be one of the main supporters of Bitcoin (BTC). Saylor recently shared an “orange dot” chart on the X platform, which often signals a large purchase of Bitcoin (BTC) by his company.

Currently, MicroStrategy is listed as holding 762,099 BTC, a very significant amount in the crypto market. While there is no confirmation of additional purchases, this action further strengthens the bullish narrative amid Standard Chartered’s fantastic price prediction. The presence of large institutions like Standard Chartered and MicroStrategy in the crypto ecosystem adds to investors’ confidence in the future of Bitcoin (BTC).

High price predictions and concrete actions from major companies are important catalysts for market growth. In addition, the growing number of institutions getting involved signals that Bitcoin (BTC) is starting to be accepted as a major investment asset, rather than just speculation. This opens up new opportunities for both retail and institutional investors to take a position in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinspeaker. Standard Chartered Predicts Bitcoin Price Could Hit $500K by 2029. Accessed on April 12, 2026
• Featured Image: Generated by Ai