Bitcoin Price May Reach $500K by 2028, Predicts Analyst – Coincu
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Key Points: Standard Chartered predicts Bitcoin could hit $500,000 by 2028. Institutional interest fuels bullish forecasts. Despite ETF declines, government holdings rise significantly. Geoff Kendrick of Standard Chartered Bank predicts Bitcoin might hit $500,000 by 2028, citing increased institutional investments noted in recent U.S. SEC filings. This forecast highlights growing institutional interest in Bitcoin despite declining ETF inflows and underscores strategic government investments in alternative assets. Bitcoin’s Path to $500K: Institutional Interest Rises Standard Chartered’s report shows a potential rise in Bitcoin’s value to $500,000 by 2028, as stated by Geoff Kendrick. His analysis centers on U.S. SEC 13F filings which detail institutional Bitcoin exposures. Recent data indicate sovereign entities have increased holdings in Strategy Corp., reflecting a strategic push to gain exposure amid regulatory constraints. There is a noticeable shift towards indirect methods for Bitcoin investments, with government entities increasing stakes in corporations such as Strategy Corp. The move hints at ongoing institutional attempts to accumulate BTC exposure, despite direct ETF investment pullbacks. Market reactions are generally positive, as investors and analysts assess the long-term implications of sovereign accumulation trends. Geoff Kendrick continues to assert Bitcoin’s role as a key non-traditional asset, reinforcing the favorable outlook. As he puts it, “My current prediction is Bitcoin will reach as high as $500,000 by the end of 2028.” Strategic Investments Mirror Historical Bull Runs Did you know? In the past, significant BTC purchases by companies like Tesla have triggered bull markets, mirroring the current strategic investments by sovereign entities. As of May 20, 2025, Bitcoin (BTC) is valued at $104,747.13, with a market cap of $2.08 trillion and a dominance of 63.01%. CoinMarketCap reports a 24-hour trading volume of $54.87 billion, a 2.34% rise in the past day, and a 24.20% increase over 30 days. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap…
Filed under: News - @ May 20, 2025 2:25 pm