- Bitcoin price projection to $500,000 by 2029 based on institutional interest.
- Significant sovereign wealth fund allocations in MicroStrategy equity holdings.
- Institutional pathways surpass direct BTC purchases.
Bitcoin is expected to reach $500,000 by 2029, according to a forecast by Standard Chartered led by Geoffrey Kendrick, Global Head of Digital Assets Research.
The projection holds significance as it signals a broadening institutional embrace, stimulating market interest and solidifying Bitcoin as a prominent asset class.
Standard Chartered, guided by industry figure Geoffrey Kendrick, foresees Bitcoin reaching $500,000 based on institutional interests and market analyses. Sovereign entities have notably increased allocations through equity proxies, such as MicroStrategy, bypassing direct bitcoin purchases.
“Government entities increased their holdings of Strategy Incorporated (MSTR), which typically trades like a Bitcoin proxy. Entities in Norway, Switzerland, and South Korea reported significant MSTR increases, and Saudi Arabia added a very small position for the first time.” — Geoffrey Kendrick, Global Head of Digital Assets Research, Standard Chartered.
Market reactions show increased interest among sovereign wealth funds and institutions engaging in indirect Bitcoin exposure. Regulatory filings substantiate these trends, confirming the allocations detailed by Standard Chartered. Global economic shifts entail implications for Bitcoin’s role in sovereign investment strategies.
Government and institutional entities’ allocations through MicroStrategy emphasize a growing preference for equity proxies. Potential outcomes highlight Bitcoin’s institutional role, shifting from speculative to strategic asset allocations. Historical tendencies propose further shifts in public company equities impacting Bitcoin’s trajectory.
Observing regulatory and technological dynamics, ongoing institutional adoption reinforces Bitcoin’s financial prominence. Trends and analysis suggest a recalibration of global asset portfolios, evolving alongside Bitcoin’s expanding market stature.
About the author
Bluefin Ensures Fund Safety Amidst Blockchain Expansion
Bluefin assures funds' security with strategic measures as it expands on blockchain.
Pepe Coin Price Rises Amid Speculative Bullish Pattern
Explore Pepe Coin's recent price surge driven by bullish trends and community speculation without formal leadership statements. Understand the impact on market sentiments and key trading pairs.
Binance Schedules SOON NFT and Airdrop Claims for May 23
Binance will begin SOON token and NFT airdrop claims on May 23, 2025, through its new Binance Alpha platform.
Sonic Labs Partners with GSR for DeFi Liquidity Boost
Sonic Labs partners with GSR to enhance DeFi liquidity, focusing on S Token liquidity, growth, and market confidence.
Solda.AI Secures $4 Million in Seed Funding to Enhance AI Telesales
Solda.AI has raised $4 million in a seed round led by Accel and AltaIR Capital to enhance AI capabilities and expand multilingual features.
Cetus Attack Leads to $10 Million SUI Loss
Cetus protocol hit by $10 million SUI attack with funds moved to Suilend.
Related
Bluefin Ensures Fund Safety Amidst Blockchain Expansion
Bluefin assures funds' security with strategic measures as it expands on blockchain.
Pepe Coin Price Rises Amid Speculative Bullish Pattern
Explore Pepe Coin's recent price surge driven by bullish trends and community speculation without formal leadership statements. Understand the impact on market sentiments and key trading pairs.
Binance Schedules SOON NFT and Airdrop Claims for May 23
Binance will begin SOON token and NFT airdrop claims on May 23, 2025, through its new Binance Alpha platform.
Sonic Labs Partners with GSR for DeFi Liquidity Boost
Sonic Labs partners with GSR to enhance DeFi liquidity, focusing on S Token liquidity, growth, and market confidence.
Solda.AI Secures $4 Million in Seed Funding to Enhance AI Telesales
Solda.AI has raised $4 million in a seed round led by Accel and AltaIR Capital to enhance AI capabilities and expand multilingual features.
Cetus Attack Leads to $10 Million SUI Loss
Cetus protocol hit by $10 million SUI attack with funds moved to Suilend.
Be the first to leave a comment