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Standard Chartered Predicts $500K Bitcoin as Faith in Government Bonds Fades

  • Standard Chartered predicts that with the fall of government bonds, Bitcoin’s price will reach $500,000.
  • Geoffrey Kendrick, the bank’s Global Head of Digital Assets Research, believes in Bitcoin reaching $500,000 by 2029.
  • Institutional exposure to Bitcoin is increasing, with entities like MicroStrategy accumulating BTC on their balance sheet.
  • Investors are turning to Bitcoin as government bonds lose their appeal and fail to act as traditional portfolio shock absorbers.

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