Standard Chartered analyst: BTC may reach $200,000 by the end of the year and $500,000 by 2028

Odaily Planet Daily News Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, said that all predicted catalysts are consistent with the rise of the asset, and more positive momentum is expected in prices in the coming weeks and months, but caution is also recommended due to insufficient market liquidity. Geoffrey Kendrick added: "My prediction for Bitcoin is that the number of Bitcoins will reach 120,000 by the end of the second quarter, 200,000 by the end of 2025, and 500,000 by the end of 2028. Everything is under control." Analysts pointed out that the "Buy in May" strategy performs well in the current market. The price of Bitcoin broke through $111,000, setting a record high. In addition, the market demand for Bitcoin options has surged, showing investors' strong interest in future trends. Analysts believe that the current market sentiment is positive and capital inflows continue, which may drive Bitcoin prices further up. However, some experts also remind investors to pay attention to market volatility and potential risks. (The Block)