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Standard Chartered Sticks to its Gun, Says Bitcoin Could Hit $500,000 Before Trump Leaves Office

  • Standard Chartered reaffirms its bold Bitcoin price prediction, suggesting a target of $500,000 before President Trump exits office in 2029.
  • Geoffrey Kendrick of Standard Chartered points to increased institutional interest as a key factor in driving Bitcoin's long-term price surge.
  • 13F data from the US SEC supports Standard Chartered's thesis, indicating growing institutional involvement in Bitcoin.
  • Despite recent fluctuations, Bitcoin's current value is at $108,950, with weekly gains up by 5.70%.

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