Bitcoin To $500k Before Trump Leaves Office: StanChart Exposes Global Sovereign Wealth Fund's Stealth Buying

Bitcoin To $500k Before Trump Leaves Office: StanChart Exposes Global Sovereign Wealth Fund's Stealth Buying

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Standard Chartered Predicts $500K Per Bitcoin Before The Decade Ends

Standard Chartered believes Bitcoin can hit $500K per coin before President Trump’s term ends. A major driving factor in the bank’s optimism is the rising indirect exposure of sovereigns and governments to BTC via Strategy and ETFs. A new Standard Chartered report is causing quite a stir in the financial and cryptocurrency community for its bold Bitcoin (BTC) prediction. The multinational bank claimed the premier digital asset could hit as much …

Standard Chartered Predicts Bitcoin to Hit $500,000 by 2028, Citing Increased Government Holdings in Strategy Before Trump Leaves Office

Standard Chartered Bank has forecasted that Bitcoin could reach $500,000 by the end of 2028, citing recent U.S. Securities and Exchange Commission (SEC) 13F filings as evidence. The bank's head of digital assets research, Geoff Kendrick, noted that despite a decline in direct Bitcoin exchange-traded fund (ETF) holdings in the first quarter, government entities have increased their stakes in Strategy, formerly known as MicroStrategy, to gain expo…

The sovereign wealth funds are indirectly investing in Bitcoin through Strategy, which supports the Standard Chartered central thesis that BTC will reach $500,000 before President Trump leaves office *** Pension funds from countries such as Norway, Switzerland, South Korea and France seek exposure to Bitcoin. These and other funds increased their stakes in Strategy (MSTR), the largest Bitcoin holder. Purchases reflect a growing sovereign interes…