White House to Host Crypto Summit on March 7; Standard Chartered Predicts Bitcoin at $200K in 2025, $500K by 2028

The White House will host a Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies and Bitcoin's role in the US financial system. The summit, announced on March 1, will be chaired by David Sacks and administered by Bo Hines. Meanwhile, on February 27, Standard Chartered's Geoffrey Kendrick predicted Bitcoin could reach $200,000 this year and $500,000 by the end of President Trump's term, despite recent market volatility and a 16% Bitcoin price plunge since February 21. Kendrick cited regulatory clarity and institutional adoption as key drivers, noting $3 billion in ETF outflows in the past week and the need for deeper institutional participation to improve custody solutions and reduce hacks. He also highlighted the potential for sovereign wealth funds, like the Abu Dhabi Sovereign Wealth Fund, to increase Bitcoin holdings.dfdsf