{"id":21229,"date":"2025-05-22T04:17:20","date_gmt":"2025-05-22T04:17:20","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/05\/22\/standard-chartered-targets-500000-bitcoin-by-2029-amid-rising-institutional-interest\/"},"modified":"2025-05-22T04:17:20","modified_gmt":"2025-05-22T04:17:20","slug":"standard-chartered-targets-500000-bitcoin-by-2029-amid-rising-institutional-interest","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/05\/22\/standard-chartered-targets-500000-bitcoin-by-2029-amid-rising-institutional-interest\/","title":{"rendered":"Standard Chartered Targets $500,000 Bitcoin by 2029 Amid Rising Institutional Interest"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Standard Chartered reports growing sovereign Bitcoin exposure through MicroStrategy holdings, backing a $500,000 price target by 2029, amid rising institutional interest as of May 2025.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">SEC DATA BACKS BITCOIN $500K TARGET BY 2028: STANDARD CHARTERED<\/p>\n<p>Standard Chartered\u2019s 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<p>\u2014 *Walter Bloomberg (@DeItaone) <a href=\"https:\/\/twitter.com\/DeItaone\/status\/1924806090866250047?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">May 20, 2025<\/a><\/p>\n<\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Standard_Chartered_Sovereign_Wealth_Funds_Increase_Bitcoin_Exposure_via_MicroStrategy\"\/><b>Standard Chartered: Sovereign Wealth Funds Increase Bitcoin Exposure via MicroStrategy<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Standard Chartered\u2019s report, based on Q1 2025 SEC 13F filings, reveals that sovereign wealth funds and government entities have significantly increased their holdings in MicroStrategy, a company known for its substantial Bitcoin investments.<\/span><\/p>\n<div id=\"attachment_153491\" style=\"width: 1760px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-153491\" class=\"lazyload wp-image-153491 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/05\/bitcoin-13f-stanchart.png\" alt=\"Standard Chartered: Sovereign Wealth Funds Increase Bitcoin Exposure via MicroStrategy\" width=\"1750\" height=\"1226\"\/><\/p>\n<p id=\"caption-attachment-153491\" class=\"wp-caption-text\">Source: Standard Chartered<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Norway\u2019s Government Pension Fund, the Swiss National Bank, and South Korea\u2019s pension bodies each added the equivalent of 700 BTC through MSTR shares, while U.S. state retirement funds in California, New York, North Carolina, and Kentucky collectively added 1,000 BTC equivalent. First-time buyers like Saudi Arabia and France also entered the space with smaller positions, signaling expanding global interest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MicroStrategy itself holds 576,230 BTC valued at approximately $61,4 billion at Bitcoin\u2019s current price.<\/span><\/p>\n<div id=\"attachment_153492\" style=\"width: 1304px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-153492\" class=\"wp-image-153492 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/05\/3-5.png\" alt=\"Standard Chartered: Sovereign Wealth Funds Increase Bitcoin Exposure via MicroStrategy\" width=\"1294\" height=\"847\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-153492\" class=\"lazyload wp-image-153492 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/05\/3-5.png\" alt=\"Standard Chartered: Sovereign Wealth Funds Increase Bitcoin Exposure via MicroStrategy\" width=\"1294\" height=\"847\"\/><\/p>\n<p id=\"caption-attachment-153492\" class=\"wp-caption-text\">Source: Saylor Tracker<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This indirect exposure aligns with a broader trend of institutional adoption. Standard Chartered\u2019s head of digital assets, Geoffrey Kendrick, emphasized that this trend supports the bank\u2019s $500,000 Bitcoin <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a> price target by 2029, coinciding with the end of President Donald Trump\u2019s term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the report also noted a decline in direct Bitcoin ETF ownership, with <\/span><a href=\"https:\/\/nftevening.com\/bitcoin-etf-hong-kongs-bold-move-wisconsins-cautious-step\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Wisconsin offloading<\/span><\/a><span style=\"font-weight: 400;\"> its 3,400 BTC-equivalent position in BlackRock\u2019s IBIT ETF, indicating a strategic shift toward indirect exposure via MSTR.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Momentum_Accelerates_Bitcoins_Global_Ascent\"\/><strong>Institutional Momentum Accelerates Bitcoin\u2019s Global Ascent<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">The growing sovereign interest in Bitcoin via MicroStrategy underscores its increasing acceptance as a store of value among traditional financial entities. MicroStrategy\u2019s strategy of using debt to acquire Bitcoin\u2014adding $42.6 billion to corporate treasuries since 2021, per <\/span><a href=\"https:\/\/nftevening.com\/americans-dominate-bitcoin-total-supply-2025\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">River\u2019s May 2025 report<\/span><\/a><span style=\"font-weight: 400;\">\u2014has made it a proxy for Bitcoin exposure, especially for entities cautious about direct crypto investments. This trend could drive Bitcoin\u2019s price higher, as increased demand from sovereign funds may reduce available supply.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Read more: <\/span><a href=\"https:\/\/nftevening.com\/jpmorgan-shifts-stance-institutional-embrace-of-bitcoin\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">JPMorgan Shifts Stance, Signals Institutional Embrace of Bitcoin<\/span><\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, challenges remain. The concentration of Bitcoin exposure in MicroStrategy raises concerns about centralization risks when MSTR\u2019s holdings expose major funds like BlackRock to Bitcoin volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, the institutional momentum, coupled with Bitcoin\u2019s halving in 2024, which reduced issuance to 450 BTC per day (per Blockchain.com), supports a bullish outlook, potentially pushing Bitcoin toward $150,000 by the end of 2025 if institutional inflows continue.<\/span><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/standard-chartered-targets-500000-bitcoin-by-2029-rising-institutional-interest\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=standard-chartered-targets-500000-bitcoin-by-2029-rising-institutional-interest\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered reports growing sovereign Bitcoin exposure through MicroStrategy holdings, backing a $500,000 price target by 2029, amid rising institutional interest as of May 2025. SEC DATA BACKS BITCOIN $500K TARGET BY 2028: STANDARD CHARTERED Standard Chartered\u2019s Geoff Kendrick says recent SEC 13F filings support a possible rise in Bitcoin to $500,000 by end-2028. While [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/05\/7-2.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/21229"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=21229"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/21229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/21230"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=21229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=21229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=21229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}