Standard Chartered maintains an ambitious Bitcoin price target of $500,000 by the end of this decade, supported by emerging trends in ETFs, equities, and government investments. The outlook may seem audacious at first, but data suggests heightened interest as governments start to gain exposure to Bitcoin indirectly.

Governments Are Buying Bitcoin, Just Not the Way You Think

According to a recent note from the bank’s digital assets team, sovereign wealth funds have been buying shares in companies that hold significant Bitcoin assets, instead of directly acquiring crypto wallets.

JUST IN: 🇺🇸 Standard Chartered says SEC 13F fillings support #Bitcoin reaching $500,000 by 2028 🚀 pic.twitter.com/MURg9bxLka
— Bitcoin Magazine (@BitcoinMagazine) May 20, 2025

MicroStrategy, known for its Bitcoin-heavy strategy, is pivotal to this trend, holding over 214,000 BTC. Its stock serves as a proxy investment for those seeking exposure to Bitcoin without directly holding it. Countries like France and Saudi Arabia have reportedly invested in MicroStrategy, showcasing a nuanced approach to Bitcoin engagement.

Why Indirect Exposure Makes Sense

Many nations may face hurdles like legal restrictions or political scrutiny that prevent direct crypto holdings. Investing in companies that already possess Bitcoin simplifies the process, minimizing risks linked to ownership.

A Bigger Trend Is Taking Shape

Kendrick emphasizes a shift as institutions begin to understand and embrace Bitcoin. With decreased volatility and better access to cryptocurrency, institutional portfolios that previously disregarded Bitcoin are starting to warm up to it.

$500K Still Sounds Wild, But Maybe Not That Wild

Standard Chartered’s long-term view of Bitcoin’s increasing demand could very well lead to its price hitting $500,000 by 2029. While some may view this goal as overly ambitious, the gradual acceptance among major institutions might soon align with this figure.