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Standard Chartered Says Increased Government Stake in Strategy Backs Its Bitcoin to $500K Call By 2028

  • Standard Chartered's head of digital assets predicts Bitcoin could reach $500,000 by 2028 based on SEC 13F filings.
  • Recent filings indicate growing institutional interest in Bitcoin, despite a dip in direct Bitcoin ETF holdings.
  • Government entities increased their stakes in Strategy (formerly MicroStrategy) in Q1 2025, signaling strong demand for Bitcoin.
  • Standard Chartered maintains its forecast of Bitcoin hitting $500,000 by 2028, expecting a 379% increase from the current price of $104,359.

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