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Ahmed Barakat
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Bitcoin News: Geoffrey Kendrick of Standard Chartered and standing close his Bitcoin price prediction $500,000 before Trump leaves office, although BTC is trading at $64,000, about 49% below the $126,198 all-time high set in October 2025.
The difference between Kendrick’s target and the current price is the obvious topic, but the more interesting question is what it takes to keep the idea credible after the bank has already missed its $200,000 call for 2025.
Trump’s new endorsement of Bitcoin, which was presented at a White House event on July 6, has brought Standard Chartered’s long-term perspective to bear.
The president specifically cited international competition as the main reason, warning that giving opportunities to competitors would cost money the US cannot afford.
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Bitcoin News: China Implements Strong Signal Policy
He pushed the geopolitical charge straight: “And Bitcoin, no one understands how powerful it is. The “big reason” to support it, Trump said, “If we don’t have it, China will have it.”
China’s design has its own weight of policy. China has maintained one of the world’s strictest restrictions on crypto trading and mining from 2021 as it creates its own central banking system.
Trump’s argument, that regulating the digital economy is a question of sovereignty, not economic, gives the White House a pro-crypto national security stance that is harder to reverse than market-driven acceptance.
This creation directly strengthens the control that supports Kendrick’s BTC price. Legal clarity under the charity regime, combined with institutional opportunities through ETFs, is the basis of Standard Chartered’s bull case, not short-term trading.
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Geoffrey Kendrick’s $500K Goal: What the Bank Really Says
Kendrick, Global Chartered’s Global Head of Digital Assets Research, put the first $500k Bitcoin call on record in a February 2025 CNBC appearance.
At that time, he prepared a target for the administration of Trump and gave a long-term incentive: “This should increase the average power, which for me is Bitcoin up to $200,000 this year and $500,000 before Trump leaves,” he said.
BTC did not reach $200,000 in 2025. It reached $126,198 in October before coming back. Despite this failure, Standard Chartered and Kendrick did not return Bitcoin 2026 and beyond the streets, continuing to mention the entry of institutions, private establishment, and the availability of Bitcoin as pillars of the myth that remain stable despite the long-term instability.
Standard Chartered’s $500,000 is still Trump’s end of the bank’s forecast. BTC is currently near $64,000pressured by the uncertainty of the world and the storm, it means the distance between the current price and the goal is great, making the nearest methods the first test if the theory exists.
Not all researchers agree with this. Some foreign analysts argue that the price of Bitcoin in the middle to the middle of six for a long time is a matter of stability, and further decline is possible before a strong recovery.
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