Following President Donald Trump’s statement regarding the inclusion of Bitcoin 
$77,590 in the national strategic reserve, Geoff Kendrick, head of cryptocurrency research at Standard Chartered Bank, announced an adjustment to the bank’s Bitcoin price target. The bank’s representative emphasized a focus on new strategies aligned with these developments.
Cryptocurrency Asset Strategies
In a statement via email, Kendrick noted that they are shifting their focus from selling waves to buying opportunities in the Bitcoin market.
Geoff Kendrick: “We have transitioned from selling waves to buying opportunities. In light of these developments, we aim for Bitcoin to reach $500,000 by the end of 2028.”
Kendrick also projected that Bitcoin could reach $200,000 by the end of 2025, $300,000 by the end of 2026, and $400,000 by the end of 2027.
Legal and Political Developments
Trump’s announcement about Bitcoin’s inclusion in the strategic reserve has raised the possibility of states creating their own Bitcoin reserves. This situation is supported by a report from Matthew Sigel of VanEck, suggesting that over 20 strategic reserve proposals could lead states to acquire significant amounts of Bitcoin.
Senator Cynthia Lummis’s proposed strategic reserve bill has also been a topic of discussion. Lummis expressed that a bill requiring the U.S. to purchase a specific number of Bitcoins each year is seriously being evaluated in the House.
Senator Cynthia Lummis: “Every lawmaker is approaching this proposal with a serious mindset. The president is visionary, and we are ready for the bill to reach his desk.”
Officials indicated that implementing Trump’s reserve plan at various levels could lead to increased market interest. This situation is reshaping expectations for long-term price targets.
These developments in the Bitcoin market are seen as a significant transformation that investors and the related sector should closely monitor. It is noteworthy to observe how legal regulations and strategic moves will impact market dynamics.
