Standard Chartered Bank: Data from the US SEC supports Bitcoin reaching the $500,000 target by 2028.

2025-05-20 16:43:19

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[Standard Chartered Bank: US SEC Data Supports Bitcoin Reaching $500,000 by 2028] Geoff Kendrick from Standard Chartered Bank stated that the recent 13F report from the US Securities and Exchange Commission (SEC) supports the expectation that Bitcoin is likely to rise to $500,000 by the end of 2028. Although the shares of Bitcoin ETF directly held decreased in the first quarter, government agencies have increased their Holdings in Strategy (formerly MicroStrategy), which is seen as an alternative investment vehicle for Bitcoin. This may reflect the efforts of institutions to gain exposure to Bitcoin under regulatory constraints.

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