Just one day after the president of the United States, Donald Trump, announced that Bitcoin is going to “in the heart” of a national strategic cryptography reserve, the head of Digital Assets of Standard Bank, Geoff Kendrick, declared that he is now focusing his “$ 500,000 price objective in Bitcoin.”
“We have gone from selling demonstrations to buy falls,” Kendrick reportedly declared in an email. “And therefore, I focus on my Bitcoin target of $ 500,000 … given these developments, which are aligned with our previous expectations, we continue to go to Bitcoin to reach $ 200,000 for the end of the year 2025. Subsequently, we hope that Bitcoin reaches $ 300,000 by the end of 2026, $ 400,000 at the end of 2027 and $ 500,000 2028, where it is probably. “
Kendrick also argued that Bitcoin’s hug in a strategic reserve could feed the individual states so that he also adopts his own Bitcoin reserves and, finally, maintaining as many bitcoin as the federal government all together.
Matthew Sigel of Vaneck also recently submitted a recent report on the possible accumulation of Bitcoin by the individual states, showing that if signed in the law, the demand for these more than 20 strategic bill of Bitcoin reserve law could see the purchase of the states more than 242,787 BTC. Can track the status of these invoices Here in the laws of Bitcoin.
Trump’s announcement of an official Bitcoin reserve can also promote support for the strategic reserve bill of Senator Cynthia Lummis, presented at the Bitcoin 2024 conference in Nashville last summer, which would see that the United States would buy 200,000 bitcoin per year until it has bought 1,000,000 BTC. Lummis has already met with Trump’s new cryptographic tsar SACKS OF DAVID and Treasury Secretary Scott bets About his Bitcoin reserve bill, and saying In January, “each legislator is giving this legislation a serious look. Time is now. The president is a visionary leader and we are ready to take this bill to his desk.”
