Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR

Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR

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Bitcoin MagazineStandard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR

Sovereign investment in Bitcoin is accelerating—just not always in the most direct way. In a new report, Standard Chartered Bank says indirect exposure via Strategy (formerly MicroStrategy) is quietly increasing among government entities, reinforcing the bank’s long-standing price prediction that Bitcoin will reach $500,000 before President Donald Trump leaves office in 2029. “The latest 13F […]

This post Standard Chartered Backs $500K Bitcoin Target, Citing Growing Government Exposure Through MSTR first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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