ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the cryptocurrency reserve strategy announced by Trump provides long-term stability for Bitcoin, bringing renewed attention to his previously predicted target of $500,000.Kendrick noted in an investor report: "We have shifted from selling on rebounds to buying on dips, so I am refocusing on the $500,000 target for Bitcoin." He predicts that Bitcoin will reach $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028, potentially maintaining that level until the end of 2029.Kendrick also emphasized the strategic importance of Trump's cryptocurrency reserve plan, believing it could encourage U.S. states to develop their own Bitcoin reserve plans, potentially holding a quantity of Bitcoin comparable to that of the federal government (around 200,000 coins). He stated: "Trump's announcement of the crypto reserve eliminated the possibility of 'bad outcomes' and created space for the crypto market to begin to rise."

ChainCatcher news, according to The Block, investment bank TD Cowen expressed caution regarding the "crypto strategic reserve" plan announced by U.S. President Trump on Sunday, stating that the plan lacks coordination and does not clarify the source of funding.The TD Cowen Washington research team noted in a report released on Monday: "We advise against overreacting to this social media post. The initial version did not even include Bitcoin and Ethereum in the reserve scope, indicating that the plan has not been fully coordinated." The research team also emphasized that Trump did not discuss how the government would acquire funds to purchase these tokens, raising questions about the feasibility of the plan.Meanwhile, the White House's first cryptocurrency summit is scheduled for this Friday, hosted by crypto mogul David Sacks, with Trump set to speak, and key industry figures and investors expected to attend. TD Cowen stated: "This summit is important and will reveal how the Trump team intends to advance legislation on stablecoins and the structure of the crypto market."

ChainCatcher news, Aurelie Barthere, the chief research analyst at blockchain analytics firm Nansen, stated that the rise may be temporary due to the lengthy approval process required to establish a U.S. cryptocurrency reserve: "I think building reserves by purchasing new tokens is a complex process that requires a congressional vote, so it takes time. I'm a bit concerned about the sustainability of today's initiative."