Standard Chartered strategist Kendrick predicts a strong rally for Bitcoin, anticipating it will reach $500,000 before the end of President Trump’s term. His analysis hinges on a confluence of factors: institutional investment trends, macro trends, and favorable political climate surrounding cryptocurrencies. Kendrick cites recent SEC filings showing a surge in institutional holdings, primarily through proxy assets like MicroStrategy (MSTR), as further evidence of Bitcoin’s increasing adoption. This trend is projected to accelerate in Q2 2025, reinforcing confidence in the long-term future of Bitcoin. With existing price highs and capital inflows, Kendrick’s prediction of $500,000 per Bitcoin is gaining momentum from both industry players and financial institutions alike.