By Marco Piccolo Standard Chartered Bank is doubling down on its bold forecast that Bitcoin will reach a price of $500,000 by 2029, citing a surge in indirect government exposure to the asset through institutional investment vehicles. The British multinational bank believes that growing sovereign interest in Bitcoin proxies, especially Strategy (MSTR) shares, supports its […]
Tag: IBIT
By Marco Piccolo Despite underperforming gold in terms of year-to-date price performance, Bitcoin is attracting stronger institutional investment flows, signaling a long-term vote of confidence in the digital asset’s prospects. Lifted by geopolitical tensions, inflationary concerns, and global economic uncertainties, the price of gold has rallied nearly 29% this year, while Bitcoin has managed a […]
By Emir Abyazov Investment world giant BlackRock (NYSE:BLK) continues to aggressively buy up Bitcoin, pouring colossal sums into the cryptocurrency market. On April 28, the company purchased $970 million worth of Bitcoins through its iShares Bitcoin Trust (IBIT) exchange-traded fund. This is the second-largest purchase volume in the fund’s history; the record was set on […]