{"id":67877,"date":"2025-05-21T00:55:02","date_gmt":"2025-05-21T00:55:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67877"},"modified":"2025-05-21T00:55:02","modified_gmt":"2025-05-21T00:55:02","slug":"bitcoin-to-500k-standard-chartered-says-its-possible-by-2029","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67877","title":{"rendered":"Bitcoin to $500K? Standard Chartered Says It\u2019s Possible by 2029"},"content":{"rendered":"

Standard Chartered is holding firm on its bold Bitcoin forecast: $500,000 per coin by the end of this decade. The Standard Chartered Bitcoin prediction is not just a headline grabber, it\u2019s backed by trends in ETFs, equities, and sovereign funds. <\/span>It might sound far-fetched at first glance, but the bank says there\u2019s a growing reason to take that target <\/span>seriously,<\/span> governments<\/span>, whether directly or not, are starting to get exposure to Bitcoin.<\/span> And they\u2019re doing it in a surprisingly quiet and indirect way.\u00a0<\/span><\/p>\n

Governments Are Buying Bitcoin, Just Not the Way You Think<\/span><\/h2>\n

According to a recent note<\/a> from the bank\u2019s digital assets team, sovereign wealth funds and state-run institutions aren\u2019t rushing to open crypto wallets. Instead, they\u2019re buying shares in companies <\/span>that already hold<\/span> massive amounts of Bitcoin.<\/span><\/p>\n

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><\/p>\n\n

MicroStrategy, the software firm known for its aggressive Bitcoin strategy, is the centerpiece of this approach. <\/span>It currently holds over 214,000 BTC, and its stock has become a <\/span>kind of<\/span> proxy investment for those who want Bitcoin exposure without <\/span>actually<\/span> holding it.<\/span> In Q1, France and Saudi Arabia reportedly opened positions in MicroStrategy, while public funds from Norway, Switzerland, and South Korea also added shares, indirectly tying themselves to the value of Bitcoin.<\/span><\/p>\n

In the United States, <\/span>pension funds in<\/span> New York and California followed a similar route, gaining exposure to around 1,000 BTC worth of MicroStrategy shares.<\/span><\/p>\n

DISCOVER: Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n

Why Indirect Exposure Makes Sense<\/span><\/h2>\n

Not every country is in a position to hold crypto directly. Whether it\u2019s legal red tape, political pressure, or <\/span>just<\/span> general caution, many governments are still wary of owning Bitcoin outright<\/span>. But<\/span> buying into a company that already holds it? That\u2019s much simpler.<\/span><\/p>\n

It avoids the custody headaches, the volatility risks that come with direct ownership, and the public scrutiny that might come from suddenly declaring, \u201cHey, we\u2019re holding Bitcoin now.\u201d Instead, they quietly build exposure through equity and keep their options open.<\/span><\/p>\n

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