Standard Chartered Bank: More sovereign wealth funds expected to buy Bitcoin, maintaining $500,000 Bitcoin price target by 2028

BlockBeats News, February 18th, according to The Block, following the recent Abu Dhabi investment, Standard Chartered Bank's Global Head of Digital Assets Research, Geoffrey Kendrick, expects more sovereign wealth funds to enter the market. It is also expected that more national pension funds and other institutional investors will purchase Bitcoin and maintain the prediction that the price of Bitcoin will reach $500,000 by 2028.

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An inventory of institutions’ predictions on BTC’s subsequent trend: Will the price double or halve?

1. Bitcoin price enters a range of fluctuations after halving, and the market is divided on its rise and fall. 2. The positive view is that the market value of Bitcoin will exceed that of gold, and the price is expected to reach $1 million, or even $4 million after 2028. 3. The negative view is that the price of Bitcoin may fall back to $30,000 or lower. 4. The neutral view is that the price of Bitcoin will fluctuate in the range of $60,000-70,000 until August. 5. Long-term bullish, the bull market may not be over yet, and the price of Bitcoin will be affected by events such as the Fed's interest rate cut and the US election.

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