Bitcoin News
By James Thorp
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Standard Chartered is standing firm on its bold prediction that Bitcoin could soar to $500,000 by 2028, backed by a surprising new trend—governments and major institutions…
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In a note shared with the bank’s clients, Kendrick highlighted that while direct holdings in Bitcoin ETFs fell during the first quarter of 2025, the broader institutional…
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According to the report, various government-backed institutions around the world have increased their holdings in Strategy, formerly known as MicroStrategy.
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One of the standout trends in the recent filings is the increased involvement of sovereign and state-backed entities.
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In addition to these international players, several U.S. states also increased their stakes in Strategy.
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Kendrick argues that this wave of indirect investment is a strong signal of confidence, one that supports Standard Chartered’s earlier forecast made in February.
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To achieve this ambitious price point, Bitcoin would need to climb approximately 379% from its current price of around $104,359.
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It’s also worth noting that Kendrick’s analysis comes at a time when the crypto market is navigating a period of increased regulatory scrutiny, particularly in the United States.
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While short-term volatility and ETF outflows may raise concerns among retail investors, the long-term positioning of these large institutions suggests that the smart money is…
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As institutional adoption continues to evolve, Standard Chartered’s forecast may no longer seem as far-fetched.
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