Bitcoin (BTC) could reach $500,000 before Donald Trump leaves office, driven by institutional, bank, and sovereign wealth fund participation, according to Standard Chartered (OTC: SCBFF).
\ud83d\udd39 Institutional & Sovereign Buying: Abu Dhabi’s sovereign wealth fund disclosed a 4,700 BTC position in BlackRock’s IBIT ETF.
\ud83d\udd39 Spot Bitcoin ETF Demand: 499,000 BTC purchased in 2024, with MicroStrategy (NASDAQ: MSTR) acquiring 257,000 BTC.
\ud83d\udd39 SEC 13F Filings Reveal Bank & Hedge Fund Interest: A shift from retail buyers to hedge funds and now banks & sovereigns.
\ud83d\udd39 Central Bank Adoption: Reports indicate Czech National Bank may allocate €7 billion, while Swiss National Bank explores BTC ownership.
\ud83d\udd39 Reduced Volatility & Market Maturity: Standard Chartered sees Bitcoin’s risk profile improving, making it more attractive for long-term investors.
With pension funds, banks, and sovereign wealth funds entering the Bitcoin market, Standard Chartered’s $500K price target reflects a long-term shift in investor dynamics. However, new buyers remain crucial to sustaining momentum.
