Bitcoin Shocking Forecast: "Reaches 300 Million This Year and Rises to 700 Million Before Trump Leaves Office"

Standard Chartered Head of Digital Assets
"If regulations become clearer, the market will be safer"
"Bitcoin could reach $500,000 before Trump leaves office"

Amid recent turbulence in the virtual asset market, experts' analyses predicting a renewed upward trend in Bitcoin prices have drawn attention. Despite the market's sharp decline, a long-term bullish trend is expected to be maintained. Standard Chartered (SC) Bank forecasted that Bitcoin prices will reach $200,000 (approximately 290 million KRW) this year. Furthermore, it projected that the price could soar to $500,000 (approximately 725 million KRW) before U.S. President Donald Trump leaves office.

On the 27th (local time), Jeffrey Kendrick, Head of Digital Asset Research at SC, stated in an interview with CNBC, "I believe Bitcoin will rise to $200,000 this year and reach $500,000 before President Trump leaves office." He added, "What the current virtual asset ecosystem needs are traditional financial participants like SC. Large financial institutions holding virtual asset exchange-traded funds (ETFs), such as BlackRock, can also enter the market." He emphasized, "The catalysts needed for large financial institutions to gain confidence in investing in Bitcoin and other virtual assets are 'price stabilization' and 'increased regulatory clarity.'"

He continued, "As the virtual asset industry becomes more institutionalized, the market will become safer, and the combination of increased institutional adoption of virtual assets and regulatory clarity in the U.S. will reduce volatility over time. As institutionalization progresses, negative issues like the $1.5 billion hacking incident at Bybit will also decrease," predicting, "This will act as an upside potential for virtual asset prices in the medium term." He also stated, "Investors are waiting for major regulatory changes such as new regulations on stablecoins and anti-money laundering. The outlook for virtual assets is expected to improve around the end of this year," adding, "Legalization will lead to more U.S. banks getting involved. We will continue to see major U.S. financial institutions pushing forward."

A former Goldman Sachs analyst also presented an analysis predicting that Bitcoin will resume its upward trend. According to cryptocurrency specialized media UToday on the 27th, former Goldman Sachs analyst Murad Mamudov forecasted that Bitcoin will rise to $200,000. Experts commonly cited economic uncertainty, tariff issues, and the Bybit hacking incident as recent causes of Bitcoin's decline, and they believe that once these factors are resolved, Bitcoin is highly likely to rebound.

This optimistic outlook has attracted even more attention as it emerged amid the recent sharp drop in Bitcoin prices. Bitcoin prices fell below $90,000 on the 25th, marking the lowest level in three months since November last year. Compared to the all-time high of $109,350 recorded on the 20th of last month, the day President Trump took office, the price is 20% lower. Bitcoin's key support levels are analyzed at $80,000 and $75,000, with resistance levels at $90,000 and $100,000. Although selling pressure is strong in the short term, there is a forecast that a rebound is possible if strong buying momentum flows in.