Bitcoin to Hit $500,000 by 2028? Volmex CEO Sets Ambitious Two-Year Price Target

What to Know

• Volmex CEO Cole Kennelly predicts Bitcoin could reach $500,000 by 2028, requiring substantial gains from its cited $84,269 trading price.
• Volmex measures expected Bitcoin volatility through options markets, but its indices do not establish the direction of future Bitcoin prices.
• Standard Chartered postponed its $500,000 target to 2030, while earlier predictions illustrate how ambitious Bitcoin forecasts can miss stated deadlines.

 

Volmex Labs founder and CEO Cole Kennelly believes Bitcoin (BTC) could reach $500,000 by 2028, placing a deadline on an ambitious price forecast. His projection would require a substantial increase from Bitcoin’s price during the interview and comes from the head of a volatility research company.

According to CoinGecko data, Bitcoin traded at $84,269, far below the level Kennelly expects it to reach. From that price, BTC would need to gain approximately 493% to hit $500,000, or trade at nearly six times its cited value.

According to CEO Cole Kennelly, Volmex Labs develops indices based on cryptocurrency options, including BVIV, which measures expected Bitcoin price volatility over approximately 30 days. Additionally, Volmex introduced BVIV-US, which derives its volatility reading from options linked to BlackRock’s iShares Bitcoin Trust. The products track expectations for the size of potential price swings, although neither identifies where Bitcoin will trade by 2028.

That distinction places Kennelly’s comments in perspective, since his $500,000 projection covers a much longer period than either index. An expectation of large price movements can accompany gains or losses, while his forecast depends specifically on sustained Bitcoin appreciation.

Kennelly’s proposed timeframe also raises the stakes because Bitcoin would have roughly two years to bridge the gap. The target therefore involves both a specific price and a deadline, making each part essential to assessing the prediction.

Also Read: CBI Arrests Mahadev Betting Suspect as Dubai Money Trail Draws Scrutiny

Previous $500,000 Bitcoin Calls Put Kennelly’s 2028 Deadline in Context

Standard Chartered once expected Bitcoin to reach $500,000 by the end of 2028, matching the timeframe implied by Kennelly’s forecast. However, the bank moved its target to 2030 in December 2025 while lowering several nearer-term projections amid weaker corporate buying.

That revision shows how an institution can maintain its long-term price target while changing its view of Bitcoin’s progress. Kennelly has attached the earlier 2028 timeframe to his own prediction, leaving less room for delays within his stated outlook.

ARK Invest CEO Cathie Wood also projected in September 2021 that Bitcoin could approach $500,000 within five years. With that window nearing its end, the cryptocurrency remains well below the level outlined in her earlier prediction.

Similarly, Galaxy Digital founder Mike Novogratz discussed a $500,000 target within five years of his 2022 forecast. Author Robert Kiyosaki set an earlier deadline, predicting in 2023 that Bitcoin would reach the same price by 2025.

Kiyosaki’s deadline passed without Bitcoin reaching his target, while the other forecasts have followed their own timelines. Their different outcomes show why Kennelly’s forecast must be judged against its stated deadline, as well as its $500,000 price.

Kennelly has set a clear test for his Bitcoin outlook, with BTC needing significant gains before 2028 ends. For now, the target remains a forecast, while Volmex’s indices measure expected volatility rather than confirming its likelihood.

Also Read: Bitget Confirms $351.6 Million Wallet Breach and Suspends Withdrawals

The post Bitcoin to Hit $500,000 by 2028? Volmex CEO Sets Ambitious Two-Year Price Target appeared first on 36Crypto.