{"id":3458,"date":"2025-05-20T16:16:12","date_gmt":"2025-05-20T16:16:12","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/05\/20\/standard-chartered-backs-500k-bitcoin-target-citing-growing-government-exposure-through-mstr\/"},"modified":"2025-05-20T16:16:12","modified_gmt":"2025-05-20T16:16:12","slug":"standard-chartered-backs-500k-bitcoin-target-citing-growing-government-exposure-through-mstr","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/05\/20\/standard-chartered-backs-500k-bitcoin-target-citing-growing-government-exposure-through-mstr\/","title":{"rendered":"Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR<\/a><\/p>\n

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Sovereign investment in Bitcoin is accelerating\u2014just not always in the most direct way. In a new report<\/a>, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank\u2019s long-standing price prediction that Bitcoin<\/a> will reach $500,000 before President Donald Trump leaves office in 2029.<\/p>\n

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JUST IN: Standard Chartered says SEC 13F fillings support #Bitcoin<\/a> reaching $500,000 by 2028 pic.twitter.com\/MURg9bxLka<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 20, 2025<\/a>\n<\/p><\/div>\n

\u201cThe latest 13F data from the U.S. Securities and Exchange Commission (SEC) supports our core thesis that Bitcoin (BTC) will reach the $500,000 level before Trump leaves office as it attracts a wider range of institutional buyers,\u201d wrote Geoffrey Kendrick, Standard Chartered\u2019s global head of digital assets research. \u201cAs more investors gain access to the asset and as volatility falls, we believe portfolios will migrate towards their optimal level from an underweight starting position in BTC.\u201d<\/p>\n

Q1 13F filings revealed a slowdown in direct bitcoin ETF buying\u2014Wisconsin\u2019s state fund exited its entire 3,400 BTC-equivalent IBIT position\u2014while government-linked purchases of MSTR shares were on the rise. Abu Dhabi\u2019s Mubadala, for instance, upped<\/a> its IBIT exposure to 5,000 BTC equivalent, but Kendrick says the bigger story is elsewhere.<\/p>\n

\u201cWe believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,\u201d he said.<\/p>\n

France and Saudi Arabia took first-time MSTR positions in Q1. Meanwhile, Norway\u2019s Government Pension Fund, the Swiss National Bank, and South Korea\u2019s public funds each added exposure equivalent to 700 BTC. U.S. retirement funds in states like California and New York added a combined 1,000 BTC equivalent via MSTR. Kendrick called the trend \u201cvery encouraging.\u201d<\/p>\n

\u201cThe quarterly 13F data is the best test of our thesis that BTC will attract new institutional buyer types as the market matures, helping the price reach our USD 500,000 level,\u201d Kendrick said. \u201cWhen institutions buy Bitcoin, prices tend to rise.\u201d<\/p>\n

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SEC DATA BACKS BITCOIN $500K TARGET BY 2028: STANDARD CHARTERED<\/p>\n

Standard Chartered’s Geoff Kendrick says recent SEC 13F filings support a possible rise in Bitcoin to $500,000 by end-2028. While direct ETF holdings dipped in Q1, government entities boosted stakes in Strategy\u2026<\/p>\n

\u2014 *Walter Bloomberg (@DeItaone) May 20, 2025<\/a>\n<\/p><\/div>\n

This isn\u2019t Kendrick\u2019s first bullish call. Last month, he admitted<\/a> his prior $120K forecast for Q2 2025 was \u201ctoo low,\u201d citing surging inflows into U.S. spot BTC ETFs\u2014totaling $5.3 billion over just three weeks. At the time, Kendrick revised his 2025 year-end target to $200,000.<\/p>\n

Standard Chartered\u2019s latest analysis shows that Bitcoin\u2019s role in institutional portfolios is maturing beyond tech volatility correlation\u2014now increasingly seen as a macro hedge. \u201cIt is now all about flows,\u201d Kendrick said. \u201cAnd flows are coming in many forms.\u201d\u00a0<\/p>\n

This post Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR Sovereign investment in Bitcoin is accelerating\u2014just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank\u2019s long-standing price prediction that Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":3459,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3458","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3458"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3459"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}