Standard-chartered bank-neufokus to $ 500,000 Bitcoin goal after the announcement of the Trump Crypto Reserve
Only one day after US President Donald Trump announced that Bitcoin became the focus of a national strategic crypto reserve “in the heart” of the strategic crypto reserve, the head of the Digital Asset Research Geoff Kendrick from Standard Chartered Bank said that he now focuses on his “Bitcoin price target of $ 500,000” again.
“We have changed from the sale of rallies to buy dips,” said Kendrick reportedly in an e -mail. “And that’s why I have re-registered my Bitcoin target of $ 500,000 … In view of these developments that match our previous expectations, we continue to reach Bitcoin to $ 200,000 by the end of 2025. Afterwards we expect Bitcoin to finish by the end of 2027 $ 300,000 to the end of 2029 US 2029 US dollars by the end of $ 2029 until the end of $ 2029 until the end of $ 2029 until the end of $ 202.
Kendrick also discussed that Trump’s hug Bitcoin could fuel individual states in a strategic reserve to also take over his own Bitcoin reserves and finally hold as much bitcoin as the federal government together.
Vaneck’s Matthew Sigel recently published a recently carried out report on the potential accumulation of Bitcoin by individual states and shows that the demand for more than 20 strategic Bitcoin reserve bills, if they were signed in a law, could acquire over 242,787 BTC. You can pursue the status of these bills here for Bitcoin laws.
Trump’s announcement of an official Bitcoin reserve may also be able to refuel Senator Cynthia Lummis’ Strategic Bill, which was presented at Bitcoin 2024 conference in Nashville last summer, with the US Bitcoin a purchase of 1,000,000 BTC per year. Lummis has already met with Trump’s new Krypto -Zar David Sacks and Treasury Secretary Scott Bessent about her Bitcoin reserve law and said in January: “Every legislator gives this legislator a serious look. The time is now. The president is a visionary guide and we are ready to bring this bill to his desk. “
