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Geoff Kendrick: Bitcoin to $500,000 by Dec 31, 2028

As of September 28, 2026, Geoff Kendrick's prediction that Bitcoin would reach $500,000 by December 31, 2028 is open. Geoff Kendrick made the call on FXStreet on October 20, 2025, when Bitcoin was at $108,677. The target calls for a 360% rise in three years and two months.

Updated

What was said

Photo of Geoff Kendrick
Geoff Kendrick

Global Head of Digital Assets Research, Standard Chartered

FXStreet, Oct 20, 2025SourceArchive

15 predictions · 3 hit · 4 missed · 8 open

Photo: Cointelegraph, CC BY 3.0

My medium-term target of $500,000 for Bitcoin by the end of 2028 is still 100% achievable.

Kendrick said the structural story for Bitcoin remains positive, citing continuing ETF inflows and Federal Reserve rate cuts. He described the US government shutdown and expected noise over the Fed's independence as supportive for an asset with no central authority. He also said the debasement trade seen in gold and silver applies to Bitcoin over time.

How we checked this

OpenDeadline

Price when said
$108,677 closeprice data
Target
$500,000+360%

The prediction comes true if any daily close from Oct 20, 2025 to Dec 31, 2028, inclusive, is at or above $500,000. Prices are daily closes in UTC, not intraday highs.

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