Bitcoin price is the talk of the crypto town these days. The crypto market lost $860M due to another massive liquidation and sell-off event. This mainly includes liquidation on Bitcoin. Despite this, Geoff Kendrick‘s trust in the digital asset does not seem to falter. He predicts a massive rally. In fact, as per him, the BTC price will be $500k by the end of Donald Trump’s presidency. He’s doubled his former Bitcoin price prediction.
Geoff Kendrick is the head of digital assets research at Standard Chartered. He is a renowned name in the crypto industry. Geoff is one of the top crypto supporters. He has presented many forecasts. Recently, Kendrick emphasized his belief in institutional adoption and clarity in regulations to propel BTC to new heights.
He pointed out several trends. There is growing interest in digital assets. Major financial institutions are working for BTC integration into traditional finance. This includes institutions like BlackRock and Standard Chartered. These are the driving forces behind massive growth.
Kenrick also shared his belief in volatility and market turbulence settling over time. This is, he reasoned, due to large investors approaching the industry. His Bitcoin price prediction of $500k by the end of Donald Trump’s presidency is the highlight of a recent interview.
Interesting to note, Kenrick once also predicted BTC price to hit $200k by 2025’ end.
Kendrick further discussed the power of clear regulations in opening the doors for institutional investors. He mainly focused on the US when giving the statement. As per Geoff Kenrick, this will be a key driver of BTC price surge. He further discussed solutions to security risks. As per him, regulations will help curb this matter. Moreover, Geoff cited the recent Bybit hack as well when talking of security risks and the importance of regulations.
Bitcoin price forecast by Geoff Kendrick did not forget to take into account the growing adoption, better regularity clarity and the emergence of institutional investors. However, the ongoing turbulence in the crypto market also needs consideration at the same time. The Bitcoin price predictions are bullish despite BTC’s fluctuating market performance.
Kendrick’s attempts appear to shape investors’ interests and trust in the asset. However, one cannot ignore the most significant current correction. Bitcoin achieved an all-time high (ATH) of $109.1k. But it also plunged to $80k this week, citing the biggest Bitcoin price corrections in months.
This crypto market crash brought liquidation of $860 million. This includes $707 million in long positions. It is a result of the BTC ETF witnessing record-breaking outflows of $938M along with growing tensions over Trump’s tariff introduction.
Bitcoin was in the news for its price crash, and a potential rebound after the BTC bloodbath.
Noteworthy, investors still call it a buying opportunity, thereby further boosting investor sentiments.
The main factors of market confidence in Bitcoin include the role of crypto personalities like Michael Saylor, Geoff Kendrick, and Matt Houghan. As per a very recent statement of advice from Microstrategy’s founder Michael Saylor, investors may go ahead selling their kidneys to hold BTC. As per Houghan’s claims also, this is time to buy BTC.
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