Standard Chartered predicts a significant increase in the price of Bitcoin, forecasting it to reach $500,000 by 2029. This prediction is driven by growing institutional investment interest, as highlighted by Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered. Kendrick’s analysis shows sovereign wealth funds are shifting their investments towards MicroStrategy equity holdings rather than direct Bitcoin purchases. These indirect investments have been reported in Norway, Switzerland, South Korea, and Saudi Arabia. The trend suggests institutional interest is becoming a major driver for Bitcoin’s growth. 2029 projections from Standard Chartered align with this growing trend, highlighting the future role of Bitcoin as an asset class within diversified global portfolios.