Standard Chartered: SEC Data Supports Bitcoin to Reach $500,000 Target by 2028
2025-05-20 12:39:42
Geoff Kendrick of Standard Chartered said that the recent Securities Exchange Commission (SEC) 13F report supports the expectation that bitcoin could rise to $500,000 by the end of 2028. While Quarter 1's share of direct bitcoin ETFs has declined, government entities have increased their holdings in Strategy (formerly MicroStrategy), which is seen as an alternative investment vehicle for bitcoin. This may reflect efforts by institutions to gain exposure to bitcoin under regulatory restrictions.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
