The price of bitcoin (BTC) could balloon to $500,000 by 2028, lifted by increased investor access and diminishing volatility that will help keep it serving as a unique hedge against issues plaguing traditional finance, according to Standard Chartered.

The largest cryptocurrency is likely to become less volatile as the year-old U.S. exchange-traded fund (ETF) market matures, Geoffrey Kendrick, the global head of digital assets research, wrote in a note.

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