Standard Chartered Bank: Sovereign wealth funds accelerate BTC allocation, maintaining the forecast that the price of Bitcoin will reach $500,000 in 2028. According to ChainCatcher news, as reported by TheBlock, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, released a new research report indicating that institutional investors are accelerating their entry into the Bitcoin market. The 13F filings for the fourth quarter show that in addition to hedge funds maintaining dominant buying positions, banks have significantly increased their buying efforts. The Abu Dhabi sovereign fund already holds about 4,700 equivalent bitcoins in the BlackRock iBTF ETF, and the scale is expected to further expand. Kendrick stated that the Central Bank of the Czech Republic is considering allocating around €70 billion, or 5% of its €1.4 trillion reserves, to Bitcoin, while the Central Bank of Switzerland is in the early stages of exploring Bitcoin investments. With the decrease in institutional entry barriers and volatility, more institutional investment portfolios will gradually move from underweight Bitcoin to the optimal allocation level. Kendrick maintains that the price of Bitcoin in 2028 will be
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Standard Chartered Bank: Sovereign wealth funds accelerate BTC allocation, maintaining the forecast that the price of Bitcoin will reach $500,000 in 2028. According to ChainCatcher news, as reported by TheBlock, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, released a new research report indicating that institutional investors are accelerating their entry into the Bitcoin market. The 13F filings for the fourth quarter show that in addition to hedge funds maintaining dominant buying positions, banks have significantly increased their buying efforts. The Abu Dhabi sovereign fund already holds about 4,700 equivalent bitcoins in the BlackRock iBTF ETF, and the scale is expected to further expand. Kendrick stated that the Central Bank of the Czech Republic is considering allocating around €70 billion, or 5% of its €1.4 trillion reserves, to Bitcoin, while the Central Bank of Switzerland is in the early stages of exploring Bitcoin investments. With the decrease in institutional entry barriers and volatility, more institutional investment portfolios will gradually move from underweight Bitcoin to the optimal allocation level. Kendrick maintains that the price of Bitcoin in 2028 will be