Bitcoin’s Future: $200K This Year, $500K by 2028?

Standard Chartered believes that Bitcoin could reach $500,000 by the end of Trump's second term.

Author

Danielle du Toit
February 28, 2025

Here's what we've got for you today:

  • Bitcoin Price Could Soar to $500K by 2028 Standard Chartered Says

  • SEC Says Meme Coins are Not Securities but Warns of Fraud Risks

  • Bitcoin, Crypto ‘Dip Buy Hype’ is Now as Its Highest Level in 7 Months

  • Coinbase Case Officially Dropped by SEC

Standard Chartered believes that Bitcoin could reach $200,000 this year and $500,000 by the end of Trump's second term.

  • Standard Chartered predicts Bitcoin could reach $200,000 this year and $500,000 by 2028 due to the growing institutional adoption and a favorable regulatory environment.

  • Bitcoin’s short-term price action has been very volatile, hitting an all-time high of $109,000 in January before retracing to $80,000 because of macroeconomic concerns and geopolitical tensions.

  • Trump’s aggressive trade policies, including renewed tariff threats against China, Canada, and Mexico, unsettled global markets and contributed to Bitcoin’s recent price correction.

The SEC clarified that meme coins are not securities under US law, but warned that fraudulent tokens could still face enforcement from other agencies.

  • The SEC clarified that meme coins are not considered securities under federal law and are more similar to collectibles.

  • Despite this classification, the SEC warned that meme coin holders will not receive protections under US securities laws, and fraudulent token issuances could still face enforcement from other regulatory bodies.

  • The statement from the SEC was made as President Donald Trump works to reduce SEC oversight of the crypto sector.

📊 Bitcoin, Crypto ‘Dip Buy Hype’ is Now at Its Highest Level in 7 Months

Social media mentions of crypto dip buying rocketed to their highest level since last July.

  • Santiment's social sentiment tracker found that traders on platforms like X, Reddit, and Telegram showed the highest level of dip-buying confidence in seven months between Feb. 25 and 26.

  • Bitcoin fell below $90,000 on Feb. 25 after President Trump confirmed his planned 25% tariffs on Canada and Mexico, which helped boost the ‘buy the dip’ sentiment.

  • However, Santiment warned that the high interest in buying the dip isn’t necessarily a signal to jump into the market because it can often move in the opposite direction of expectations.

The US Securities and Exchange Commission officially requested to dismiss its case against Coinbase with prejudice.

  • A week ago, Coinbase announced that the SEC plans to dismiss its enforcement case against the exchange, pending Commissioner approval.

  • The case began in June of 2023 when the SEC sued Coinbase for allegedly violating US securities laws by combining broker, exchange, and clearing agency functions without proper registration.

  • The SEC had accused Coinbase of evading the disclosure requirements set by Congress for securities markets, and also argued that it failed to register as a broker, exchange, or clearing agency.

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