Could Bitcoin($BTC ) hit $500,000 before 2029 under President Trump's next term?
Standard Charteredโs Geoffrey Kendrick says YES โ and the crypto world is BUZZING! ๐ฅ๐
Kendrick, Global Head of Digital Assets Research, believes BTC could skyrocket to half a million dollars thanks to growing institutional & government exposure โ mainly through Strategyโs stock (MSTR). ๐ง ๐ผ
๐ On Tuesday, BTC briefly soared above $107K after Kendrick reaffirmed this bold forecast, citing stronger demand via Strategy shares and rising recognition in recent SEC 13F filings.
These filings, required from firms managing over $100M in assets, now reflect increased interest in BTC by institutional giants โ even governments. ๐๏ธ๐
Why Strategy (MSTR)?
MSTR stock is now a proxy for Bitcoin, as many entities use it to gain BTC exposure where direct crypto holdings are restricted. ๐โก๏ธ๐
Kendrick explained, โWe think some government entities hold MSTR because regulations prevent direct BTC investments.โ ๐โก๏ธ๐
But there's more fueling the BTC fireโฆ
๐ Government Bonds = Losing Trust
A new study by KKR & Co. highlights that government bonds โ long considered โsafe havensโ โ are failing to protect during risk-off moments. โ๐ก๏ธ
Even Japanโs 30-year bond yield hit 3.15% โ an all-time high โ while US 30-year Treasuries spiked past 5% following Moodyโs downgrade.
This signals massive sell-offs, making bonds less appealing to big investors. ๐ป๐
๐ง KKRโs Henry McVey says:
โBoth stocks and bonds are falling together, while local liabilities growโฆ This makes Bitcoin & Gold the new safe havens.โ ๐ช๐
So whatโs happening now?
โ๏ธ Institutions are buying BTC via MSTR
โ๏ธ 13F data shows rising crypto awareness
โ๏ธ Trust in bonds is crumbling
โ๏ธ Macro uncertainty is boosting BTC's appeal
โ๏ธ Bottom line:
Bitcoin is becoming the go-to hedge in a world where bonds no longer provide shelter.
The path to $500K BTC by 2029 is being paved by policy, institutions, and market psychology. ๐๐ธ๐
#Bitcoin #BTC500K #CryptoBoom #BinanceAlphaAlert
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