Standard Chartered Bank: SEC data supports Bitcoin to reach $500000 target by 2028

According to BlockBeats, on May 20th, Geoff Kendrick from Standard Chartered Bank stated that the recent US Securities and Exchange Commission (SEC) 13F report supports the expectation that Bitcoin is expected to rise to $500000 by the end of 2028. Although the direct holdings of Bitcoin ETFs decreased in the first quarter, government agencies increased their holdings in Strategy (formerly known as MicroStrategy), which is seen as an alternative investment tool for Bitcoin. This may reflect the efforts of institutions to gain exposure to Bitcoin under regulatory restrictions.