Only one day after the President of the United States Donald Trump announced that Bitcoin will be “at the heart” of a national cryptocurrency reserve, the person responsible for the research of digital activities of Banca Chartered, Geoff Kendrick, said to re-focus its Bitcoin price objective “from $ 500,000”.
“We went from the sale of manifestations to the purchase of Cali,” Kendrick said in one and -mail. “And so I like them to focus my $ 500,000 bitcoin goal … given these developments, which align with our previous expectations, we continue to target Bitcoin to reach $ 200,000 by the end of the year 2025. Subsequently, we plan that Bitcoin will not reach $ 300,000 by the end of 2026, $ 400,000 by the end of 2027 and $ 500,000 by the end of the end of the end 2029.
Kendrick also discussed that Bitcoin’s embrace by Trump in a strategic reserve could feed the individual states to adopt his Bitcoin reserves and, finally, keep both Bitcoin as the federal government all together.
Matthew Sigel of Vaneck has also recently published a recent report on the potential accumulation of bitcoin by individual states, showing that if signed in law, the demand for these over 20 strategic reserve bills of Bitcoin could see states buy over 242,787 BTC. You can monitor the state of these invoices here on Bitcoin laws.
Trump’s announcement of an official Bitcoin reserve can potentially also feed the support for the bill on the senator Cynthia Lummis strategic reserve, presented at the Bitcoin 2024 conference in Nashville last summer, which would see the United States buy 200,000 bitcoins per year until it has purchased 1,000,000 BTC. Lummis has already met the new Czar Czar by Trump David Sacks and the Treasury Secretary Scott Beesent for his bill on the Bitcoin Reserve and has declared in January that “each legislator is giving this legislation a serious look. Time is now. The president is a visionary leader and we are ready to bring this account to his desk. “