{"id":27776,"date":"2025-05-21T02:31:52","date_gmt":"2025-05-21T02:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27776"},"modified":"2025-05-21T02:31:52","modified_gmt":"2025-05-21T02:31:52","slug":"bitcoin-to-500k-standard-chartered-says-its-possible-by-2029","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27776","title":{"rendered":"Bitcoin to $500K? Standard Chartered Says It\u2019s Possible by 2029"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">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><span data-preserver-spaces=\"true\">It might sound far-fetched at first glance, but the bank says there\u2019s a growing reason to take that target <\/span><span data-preserver-spaces=\"true\">seriously,<\/span> <span data-preserver-spaces=\"true\">governments<\/span><span data-preserver-spaces=\"true\">, whether directly or not, are starting to get exposure to Bitcoin.<\/span><span data-preserver-spaces=\"true\"> And they\u2019re doing it in a surprisingly quiet and indirect way.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Governments Are Buying Bitcoin, Just Not the Way You Think<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to a <a class=\"general-link\" href=\"https:\/\/www.theblock.co\/amp\/post\/355036\/standard-chartered-sovereigns-indirect-bitcoin-exposure-mstr-500000-target\" target=\"_blank\" rel=\"nofollow noopener nofollow\">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><span data-preserver-spaces=\"true\">that already hold<\/span><span data-preserver-spaces=\"true\"> massive amounts of Bitcoin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Standard Chartered says SEC 13F fillings support <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> reaching $500,000 by 2028 <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/MURg9bxLka\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/MURg9bxLka<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1924813544584831136?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">MicroStrategy, the software firm known for its aggressive Bitcoin strategy, is the centerpiece of this approach. <\/span><span data-preserver-spaces=\"true\">It currently holds over 214,000 BTC, and its stock has become a <\/span><span data-preserver-spaces=\"true\">kind of<\/span><span data-preserver-spaces=\"true\"> proxy investment for those who want Bitcoin exposure without <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> holding it.<\/span><span data-preserver-spaces=\"true\"> 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<p><span data-preserver-spaces=\"true\">In the United States, <\/span><span data-preserver-spaces=\"true\">pension funds in<\/span><span data-preserver-spaces=\"true\"> New York and California followed a similar route, gaining exposure to around 1,000 BTC worth of MicroStrategy shares.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Indirect Exposure Makes Sense<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Not every country is in a position to hold crypto directly. Whether it\u2019s legal red tape, political pressure, or <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> general caution, many governments are still wary of owning Bitcoin outright<\/span><span data-preserver-spaces=\"true\">. But<\/span><span data-preserver-spaces=\"true\"> buying into a company that already holds it? That\u2019s much simpler.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">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<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_682d3a4a2e249\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_682d3a4a2e249-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_682d3a4a2e249-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682d3a4a2e249-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682d3a4a2e249-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682d3a4a2e249-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_682d3a4a2e249-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_682d3a4a2e249-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_682d3a4a2e249-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_682d3a4a2e249-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_682d3a4a2e249-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_682d3a4a2e249-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_682d3a4a2e249-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">That said, not everyone is staying in. The Wisconsin state pension fund recently exited its position in BlackRock\u2019s iShares Bitcoin Trust, giving up exposure equivalent to 3,400 BTC. Meanwhile, Abu Dhabi\u2019s Mubadala is doing the opposite, adding more and increasing its exposure to roughly 5,000 BTC through the same ETF.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Bigger Trend Is Taking Shape<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Geoffrey Kendrick, Standard Chartered\u2019s global head of digital assets research, says we\u2019re watching a shift in how institutions think about Bitcoin. According to him, portfolios that once ignored BTC <\/span><span data-preserver-spaces=\"true\">completely are<\/span><span data-preserver-spaces=\"true\"> slowly warming up to it. And as volatility drops and access improves, those underweight positions will likely increase.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> isn\u2019t Kendrick\u2019s first bullish call. In April, he raised his end-of-2025 Bitcoin target to $200,000 after noting <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> inflows into spot ETFs. That kind of activity, in his view, shows that Bitcoin is maturing from a speculative asset into something that serious institutions are learning to trust, at least a little.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">$500K Still Sounds Wild, But Maybe Not That Wild<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Standard Chartered\u2019s price target isn\u2019t a short-term moonshot. It\u2019s a long-range view based on how much more demand could come <\/span><span data-preserver-spaces=\"true\">in<\/span><span data-preserver-spaces=\"true\"> if these trends keep building. With governments now finding safe, indirect ways to participate, the groundwork is slowly <\/span><span data-preserver-spaces=\"true\">being laid<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whether or not you believe in the number, the Standard Chartered Bitcoin prediction is shaping the conversation around long-term crypto value. A half-million-dollar Bitcoin might still seem ambitious, but if the world\u2019s largest institutions keep inching toward it, that number might not be so crazy <\/span><span data-preserver-spaces=\"true\">after all<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Standard Chartered is sticking with its $500,000 Bitcoin price target for 2029, citing growing institutional and government-linked exposure.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Governments are gaining Bitcoin exposure indirectly by investing in companies like MicroStrategy, which holds over 214,000 BTC.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Indirect exposure avoids legal and political hurdles, allowing sovereign funds and pension funds to quietly participate in Bitcoin\u2019s upside.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Major funds from France, Saudi Arabia, Norway, and South Korea have bought into MicroStrategy, while others use ETFs like BlackRock\u2019s IBIT.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Standard Chartered sees this slow, steady adoption by institutions as a foundation for long-term Bitcoin growth, possibly hitting $500K by 2029.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/bitcoin-to-500k-standard-chartered-says-its-possible-by-2029\/\">Bitcoin to $500K? Standard Chartered Says It\u2019s Possible by 2029<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. It might sound far-fetched at first glance, but the bank says there\u2019s a growing reason [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27776","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27776"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27776\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}