Standard Chartered: Bitcoin Still has $500k Target for Trump's 2nd Term
The presence of new ‘Liberation Day’ tariffs from the returning Trump administration has thrown the US financial markets into a spiral. Indeed, the US stock market and cryptocurrency sector have struggled amid the action. However, Standard Chartered Bank is still bullish on Bitcoin, reiterating the asset’s $500k target for Trump’s second term. The bank had previously said that the leading cryptocurrency could reach the landmark price before the end of Trump’s second stint in the Oval Office. However, that has come into question amid the recent downturn that has caused the asset to fall below the $82,000 level. However, the belief in its eventual resurgence is still held firm by analysts for some key reasons. Source: Lippincott Also Read: Wall Street Getting Fed-up With Trump’s Tariffs? Standard Chartered Reaffirms Bitcoin to $500k Before 2028 The US stock market is in shambles Thursday, with the Dow Jones index dropping more than 1,400 points. The key reaso...