With another massive liquidation and sell-off event, the crypto market has lost $860M. Out of these, nearly half were liquidated on BTC, but Geoff Kendrick’s trust in this digital asset remains maintained, as he forecasts a massive rally. More importantly, he doubled his initial Bitcoin price prediction, claiming to witness $500k by the end of Donald Trump’s presidency. Let’s dive into that.
Inside Geoff Kendrick’s $500K Bitcoin Price Prediction: What’s Driving It?
Geoff Kendrick, the head of digital assets research at Standard Chartered, is a renowned name in the crypto industry. He is among the top crypto supporters and has often presented forecasts. In a recent interview with CNBC, Kendrick reiterated his belief that institutional adoption and regulatory clarity will propel BTC to new heights.
He pointed out the growing institutional interest in digital assets and that major financial institutions like BlackRock and Standard Chartered, which are working toward integrating BTC into traditional finance, are the driving forces behind massive growth.
More importantly, Kenrick believes that volatility and market turbulence will settle over time as large investors approach the industry.
What we need are traditional financial players, like Standard Chartered, BlackRock, and others that have ETFs now to really step in,” Kendrick stated.
Among these discussions, the highlight of the interview is his prediction that the Bitcoin price would be $500k by the end of Donald Trump’s presidency. Before this, he also predicted that BTC would hit $200k by the end of 2025,
That should add to that medium term, top-side potential, which for me is bitcoin up to $200,000 this year, and $500,000 before Trump leaves office.
This statement came as Kendrick discussed how clearer regulations, particularly in the U.S., will open the doors for institutional investors, who will be key drivers of BTC’s price surge. He also discussed regulations as the solution to security risk, citing the recent Bybit hack.
As the industry becomes more institutionalized, it should be safer,” Kendrick noted, highlighting how security risks—like the recent $1.4 billion Bybit hack—could be mitigated through regulated financial entities.
Geoff Kendrick’s forecast considers the growing adoption, the emergence of institutional investors, and better regularity clarity. However, the ongoing market turbulence cannot be ignored due to such bullish Bitcoin price predictions.
Bitcoin’s Brutal Sell-Off and Market Conditions
Geoff Kendrick has attempted to shape investors’ trust in this asset, but the most significant current correction cannot be ignored. Although Bitcoin achieved the ATH of $109.1k, it plunged to $80k this week, which is the biggest correction in months.
This crypto market crash has resulted in the liquidation of $860M, with $707M in long positions. This happened as the BTC ETF witnessed record-breaking outflows of $938M and growing tensions over Trump’s tariff introduction.
However, crypto influencers still call it a buying opportunity, boosting investor sentiments.
Market Sentiment: Investors Are More Confident This Time
Despite the market sell-off, the Santiment report claims that crypto traders are optimistic despite the price crash. The firm concludes the market discussion on various social media platforms and claims that investors view this dip as a prime buying opportunity.
Traders are showing a very high level of confidence that this dip is ‘the one to buy, ‘” the report stated.
Crypto personalities like Geoff Kendrick, Michael Saylor, and Matt Houghan have played a significant role. The founder of Microstrategy even advised investors to sell their kidneys if necessary but hold their BTC.
Sell a kidney if you must, but keep the Bitcoin, posted Michael Salor
Although this statement received backlash, he is known for such rational advice. Additionally, Matt Houghan claimed that this was the right time to buy BTC.
Notably, such posts and their advice on buying the dip affected investors’ sentiments. However, Santients’ report also warned that excessive optimism can be a threat, as it often leads to further correction.
Will Geoff Kendrick’s $500k Prediction Come True?
Since Donald Trump’s win in the US election, the price of Bitcoin has surged exponentially, showcasing impressive gains. Many analysts, including Standard Chartered’s Geoff Kendrick, have presented a bullish outlook for this digital asset in 2025 and beyond.
Although the market is experiencing short-term volatility, confidence among market enthusiasts is still high. As Kendrick’s prediction is based on adoption and regularity, the $200k target may be achieved in 2025 and higher in the future.
However, this is just an anticipation, and the market’s uncertainty could bring different results.
The post Standard Chartered’s Geoff Kendrick Forecasts $500K Bitcoin Target Amid Brutal Sell-Off appeared first on CoinGape.
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