SEC 13F Report Fuels Predictions of Bitcoin Reaching $500,000 by 2028

A recent SEC 13F report has sparked speculation about Bitcoin’s price trajectory, with Standard Chartered predicting a surge to $500,000 by 2028. The bank highlights the shift in institutional investment strategies towards regulated options like strategy-based ETFs and structured products as key drivers behind this projection. This marks a departure from direct Bitcoin ETF investments, which saw a slight dip during the first quarter of 2023. 💰