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Geoff Kendrick: Bitcoin to $500,000 by Dec 31, 2030

As of September 28, 2026, Geoff Kendrick's prediction that Bitcoin would reach $500,000 by December 31, 2030 is open. Geoff Kendrick made the call on CNBC on December 9, 2025, when Bitcoin was at $90,654. The target calls for a 452% rise in five years and one month.

Updated

What was said

Photo of Geoff Kendrick
Geoff Kendrick

Global Head of Digital Assets Research, Standard Chartered

CNBC, Dec 9, 2025SourceArchive

15 predictions · 3 hit · 4 missed · 8 open

Photo: Cointelegraph, CC BY 3.0

Geoff Kendrick, the firm's global head of digital assets research, said he now expects the $500,000 level to be met in 2030, two years later than previously forecast.

Kendrick said valuations no longer support more corporate buying, so future bitcoin price gains will be driven by ETF buying alone, which led the bank to lower its year-end forecasts. He said the long-term $500,000 target remains reachable because portfolio optimizations show global portfolios are underweight bitcoin, and allocation decisions by investment committees will push the price higher over time. He described the current drawdown as normal in scale and 'just a cold breeze' rather than a crypto winter.

How we checked this

OpenDeadline

Price when said
$90,654 closeprice data
Target
$500,000+452%

The prediction comes true if any daily close from Dec 9, 2025 to Dec 31, 2030, inclusive, is at or above $500,000. Prices are daily closes in UTC, not intraday highs.

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