Standard Chartered reiterates $100K 2026 Bitcoin target, $500K by 2030
At a July 6 White House event, President Donald Trump framed support for Bitcoin as a geopolitical priority, asserting that relinquishing leadership in digital assets would advantage China. This reframing has renewed attention on Standard Chartered’s Bitcoin forecasts.
Trump’s Position: Geopolitics Over Markets
Trump emphasized Bitcoin’s capital-flow significance and linked U.S. support to national security: “If we don’t have it, China’s going to have it.” China maintains strict bans on crypto trading and mining since 2021 and is advancing a central bank digital currency. The remarks function as a policy signal favoring U.S. crypto leadership rather than describing direct China-driven spot market competition. The administration’s regulatory tilt since January 2025 has created a policy tailwind that supports bullish institutional theses, though legislative uncertainty persists.
$BTC is back into the $64,000-$65,000 resistance zone.
A reclaim of the $65,000 level could push Bitcoin to $68,000.
A rejection from the current resistance level means BTC will likely revisit $62,000 again. pic.twitter.com/ZunXx7V7MJ
— Ted (@TedPillows) July 10, 2026
Standard Chartered’s $500K Thesis: Current Status and Revisions
Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick previously projected Bitcoin at $200,000 in 2025 and $500,000 before Trump leaves office. The 2025 call missed, with a $126,198 all-time high in October. The bank revised its 2026 year-end target to $100,000 in early 2026 and pushed the $500,000 timeline to 2030, per a December 2025 note, after initially aiming for 2028.
Interesting predictions from a TradFi giant like Standard Chartered:
– DeFi TVL about to 37x
– $UNI to $100
– $ETH to $40,000
– $BTC to $500,000
While most of these price targets are obviously on the delusional side, what excites me most is the simple fact that one of the… https://t.co/TCfNNiuFzN
— Simon Dedic (@sjdedic) June 16, 2026
Drivers of the downgrade: weaker-than-expected corporate treasury participation and slower ETF inflows. Despite these adjustments, the bank retains a long-term $500,000 view, now anchored to anticipated allocations by sovereign wealth funds and state pensions. The 2026 year-end target stands at $100,000, reflecting a conservative near-term stance within a broader institutional adoption thesis.
