By Emir Abyazov Standard Chartered Sticks to $500K Bitcoin Target as Sovereign Funds Show Interest Government entities increased their holdings of Strategy (MSTR) as a derivative of digital gold in the first quarter. Such conclusions were reached in Standard Chartered on the basis of reporting to the SEC. Such a trend has strengthened the bank’s […]
Tag: MSTR
By Marco Piccolo Bitcoin has hit new all-time highs, with the price peaking at roughly $109,450 and breaking the previous record set in January this year. At the time of writing, Bitcoin is posting a +5.4% change in the last 7 days, and a +24% change in the last 30 days. BTC has been trading […]
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 […]