{"id":10878,"date":"2025-02-28T11:39:20","date_gmt":"2025-02-28T18:39:20","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=10878"},"modified":"2025-02-28T11:39:20","modified_gmt":"2025-02-28T18:39:20","slug":"bitcoin-could-hit-500k-before-trump-leaves-office-standard-chartered","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/02\/28\/bitcoin-could-hit-500k-before-trump-leaves-office-standard-chartered\/","title":{"rendered":"Bitcoin Could Hit $500K Before Trump Leaves Office \u2014 Standard Chartered"},"content":{"rendered":"\n<p>This is an interesting prediction in the article below which got me to thinking. As we&#8217;re approaching what could be a huge financial collapse, approaching the Great Depression, what is in store for <a href=\"https:\/\/jasonsblog.ddns.net\/index.php\/2022\/11\/09\/the-case-for-the-only-cryptocurrency-of-value-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a>. And the following video doesn&#8217;t even cover how <a href=\"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/02\/21\/subprime-redux-commercial-real-estate-bond-distress-hits-another-record-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">terrible the commercial real estate market is at the moment<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Mortgage Defaults EXPLODE as Homeownership Costs SOAR! (Some 100% Increase last 90 days)\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/MWnCSMJm_TA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>So as the impending financial reset and crash happens destroying the US dollar, where will people flood their treasure into? Given that Bitcoin is deflationary with a finite quantity, will Bitcoin fair better than gold which usually rises significantly during financial upheavals? And the smart money unloads at the peak of people flooding into gold to then purchase real estate for pennies on the dollar. Highlighted in the video, these investment funds bought huge amounts of rentals driving up home prices further creating bidding frenzies, so they have a lot of property to unload at a discount to help crash the market. And then they can buy back more at huge discounts (remember the WEF who said you&#8217;ll own nothing and rent everything, and be happy?). All that to say, his Bitcoin price prediction with the financial reset might be spot on. And if all the investment funds and their ETFs are flooding into Bitcoin as well, perhaps it won&#8217;t be outlawed with the creation of a new worldwide financial system.<\/p>\n\n\n\n<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-could-hit-500k-trump-leaves-office-standard-chartered?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\">https:\/\/cointelegraph.com\/news\/bitcoin-could-hit-500k-trump-leaves-office-standard-chartered?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound<\/a><\/p>\n\n\n<div class=\"wp-block-ub-divider ub_divider ub-divider-orientation-horizontal\" id=\"ub_divider_95796599-a178-42a8-a633-9b202e1b7ea2\"><div class=\"ub_divider_wrapper\" style=\"position: relative; margin-bottom: 2px; width: 100%; height: 2px; \" data-divider-alignment=\"center\"><div class=\"ub_divider_line\" style=\"border-top: 2px solid #ccc; margin-top: 2px; \"><\/div><\/div><\/div>\n\n\n<h5 class=\"wp-block-heading\">Standard Chartered\u2019s head of digital assets research believes BTC will hit $200,000 this year and $500,000 before President Trump concludes his second term.<\/h5>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-01\/0194b46b-60d1-701f-aecc-8bdb6b7b5a31\" alt=\"Bitcoin could hit $500K before Trump leaves office \u2014 Standard Chartered\"\/><\/figure>\n\n\n\n<p>US President Donald Trump\u2019s first month in office has been highly volatile for risk assets, but his administration will likely be a net positive for Bitcoin in the long run, according to Standard Chartered.<\/p>\n\n\n\n<p>In a Feb. 27 interview with <a href=\"https:\/\/www.cnbc.com\/2025\/02\/27\/standard-chartered-crypto-bull-still-sees-bitcoin-hitting-500000.html\">CNBC<\/a>, Standard Chartered\u2019s head of digital assets research, Geoffrey Kendrick, said he expects Bitcoin\u2019s<\/p>\n\n\n\n<p><a href=\"https:\/\/cointelegraph.com\/bitcoin-price\" target=\"_blank\" rel=\"noreferrer noopener\">$83,714<\/a> price to reach $200,000 this year before surging to $500,000 before President Trump concludes his second term. He cited growing institutional adoption and the <a href=\"https:\/\/cointelegraph.com\/news\/sec-crypto-task-force-staking-litigation-review\">potential for clearer regulations<\/a> as positive catalysts.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0195485a-c807-707b-abe4-6ce22a5ad474\" alt=\"Banks, Bitcoin Price, Donald Trump\" title=\"\"\/><figcaption class=\"wp-element-caption\"><em>Geoffry Kendrick responds to \u201ccrypto\u2019s $800 billion wipeout.\u201d Source: CNBC<\/em><\/figcaption><\/figure>\n\n\n\n<p>Despite recent volatility, crypto markets should become less rocky over time as more institutions adopt the asset class, said Kendrick. These players will also alleviate the security risks that seem inherent to crypto protocols, as evidenced by the recent <a href=\"https:\/\/cointelegraph.com\/news\/bybit-hack-forensics-show-safe-wallet-compromise-led-to-stolen-funds\">$1.4-billion hack of crypto exchange Bybit<\/a>.<\/p>\n\n\n\n<p>\u201cWhat we need are traditional financial players, like Standard Chartered, like BlackRock and others that have ETFs now to really step in,\u201d said Kendrick. \u201cIt\u2019s institutions like ours that now offer custody businesses that are much more secure than the hacks.\u201d<\/p>\n\n\n\n<p>\u201cAs the industry becomes more institutionalized, it should be safer,\u201d he said.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin\u2019s stomach-churning volatility<\/h2>\n\n\n\n<p>Since reaching an all-time high above $109,000 in January, Bitcoin\u2019s price sank to a more than three-month low of around $80,000 this week as <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-retreats-to-85k-us-confirms-march-canada-mexico-tariffs\">President Trump reasserted his tariff threats<\/a> on China and allies Mexico and Canada.&nbsp;<\/p>\n\n\n\n<p>Tariffs on Canadian and Mexican goods scheduled to go into effect on March 4 \u201cwill, indeed, go into effect, as scheduled,\u201d Trump said on Truth Social.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/01954859-7641-718e-a034-eefae9cfb2df\" alt=\"Banks, Bitcoin Price, Donald Trump\" style=\"width:502px;height:auto\" title=\"\"\/><figcaption class=\"wp-element-caption\"><em>Source: <\/em><a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114076153524132682\"><em>Donald Trump<\/em><\/a><\/figcaption><\/figure>\n\n\n\n<p>Bitcoin reacting so sharply to tariff threats suggests that the digital asset has become highly correlated with stocks and liquidity conditions, according to market commentator <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1895105168342991348\">The Kobeissi Letter<\/a>.<\/p>\n\n\n\n<p>Global Macro Investor Julien Bittel <a href=\"https:\/\/x.com\/BittelJulien\/status\/1895057523180253531\">said<\/a> Bitcoin\u2019s recent pullback is \u201cnormal in bull markets,\u201d especially after the massive run-up in price following the US presidential election.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/01954859-d724-73ca-b877-6663493ba11b\" alt=\"Banks, Bitcoin Price, Donald Trump\" title=\"\"\/><figcaption class=\"wp-element-caption\"><em>Source: <\/em><a href=\"https:\/\/x.com\/Jamie1Coutts\/status\/1894538452848578873\/photo\/1\"><em>Jamie Coutts<\/em><\/a><\/figcaption><\/figure>\n\n\n\n<p>Meanwhile, Jamie Coutts, chief crypto analyst at Real Vision, said two of three \u201ccore liquidity measures\u201d in his framework have turned bullish following the recent sell-off. Expanding central bank balance sheets and a rising global money supply usually bode well for Bitcoin. The only domino left to fall is the US dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is an interesting prediction in the article below which got me to thinking. As we&#8217;re approaching what could be a huge financial collapse, approaching the Great Depression, what is in store for Bitcoin. And the following video doesn&#8217;t even cover how terrible the commercial real estate market is at the moment. So as the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[],"class_list":["post-10878","post","type-post","status-publish","format-standard","hentry","category-tech","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=10878"}],"version-history":[{"count":1,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10878\/revisions"}],"predecessor-version":[{"id":10879,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/10878\/revisions\/10879"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=10878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=10878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=10878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}