Bitcoin’s Future Remains Bright Despite Current Setbacks, Says Standard Chartered Analyst
Despite Bitcoin’s recent drop stirring concern among investors and pushing the Fear and Greed Index to extreme fear levels, similar to the aftermath of the FTX and Terra crashes, Geoffrey Kendrick, head of digital asset research at Standard Chartered, remains optimistic about the cryptocurrency’s future.
In an interview with CNBC, Kendrick reiterated his bullish stance, predicting Bitcoin could reach $200,000 by 2025 and potentially soar to $500,000 during a second Donald Trump administration.
He attributed Bitcoin’s recent decline to factors like economic instability and the $1.5 billion hack of the Bybit exchange, both contributing to the fear in the market.
According to Kendrick, cryptocurrencies, like other high-risk assets, react negatively to uncertainty, and the current geopolitical tensions, such as the ongoing conflicts in Ukraine and Gaza, have further pressured prices.
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Looking ahead, Kendrick believes that Bitcoin and altcoins will recover as the market stabilizes. He stressed that the key to this recovery lies in clearer regulations, more institutional adoption, and less market volatility.
Kendrick emphasized that as traditional financial institutions, like Standard Chartered and BlackRock, begin to embrace cryptocurrencies, it will help reduce fluctuations and support sustained growth in the space.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
