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%.