Bitcoin to $500K? Standard Chartered Says It’s Possible by 2029

Standard Chartered is holding firm on its bold Bitcoin forecast: $500,000 per coin by the end of this decade. The Standard Chartered Bitcoin prediction is not just a headline grabber, it’s backed by trends in ETFs, equities, and sovereign funds. It might sound far-fetched at first glance, but the bank says there’s a growing reason.. The post Bitcoin to $500K? Standard Chartered Says It’s Possible by 2029 appeared first on 99Bitcoins.

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May 21, 2025 - 10:00

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Standard Chartered is holding firm on its bold Bitcoin forecast: $500,000 per coin by the end of this decade. The Standard Chartered Bitcoin prediction is not just a headline grabber, it’s backed by trends in ETFs, equities, and sovereign funds. It might sound far-fetched at first glance, but the bank says there’s a growing reason to take that target seriously, governments, whether directly or not, are starting to get exposure to Bitcoin. And they’re doing it in a surprisingly quiet and indirect way.

Governments Are Buying Bitcoin, Just Not the Way You Think

According to a recent note from the bank’s digital assets team, sovereign wealth funds and state-run institutions aren’t rushing to open crypto wallets. Instead, they’re buying shares in companies that already hold massive amounts of Bitcoin.