Standard Chartered: SEC Disclosure Data Supports Bitcoin Reaching $500,000 by 2028

According to Odaily Planet Daily, Standard Chartered's Geoff Kendrick stated that the 13F documents submitted to the U.S. Securities and Exchange Commission (SEC) support the possibility of Bitcoin prices reaching $500,000 by the end of 2028. Despite a decline in direct ETF holdings in the first quarter, government agencies have increased their holdings in Strategy, a company seen as an alternative asset to Bitcoin. This may reflect government agencies' efforts to increase their Bitcoin holdings despite regulatory restrictions.