Standard Chartered: US SEC data supports BTC reaching a target of $500,000 by 2028

ChainCatcher news, Geoff Kendrick from Standard Chartered Bank stated that the recent SEC 13F report supports the expectation that Bitcoin could rise to $500,000 by the end of 2028.

Although the direct holdings of Bitcoin ETF shares decreased in the first quarter, government agencies have increased their positions in Strategy, which is seen as an alternative investment tool for Bitcoin. This may reflect the efforts of institutions to gain exposure to Bitcoin under regulatory constraints.