Standard Chartered Forecasts Bitcoin to Reach $500,000 as Bond Markets Decline

Despite a neutral outlook for global equities due to policy uncertainty and market volatility, Standard Chartered holds the most optimistic view on Bitcoin. This prediction stems from the declining trust in traditional government bonds, which experts say is driving increased demand for cryptocurrencies like Bitcoin (BTC). Standard Chartered predicts that as these bonds continue to lose favor with investors, Bitcoin’s price could reach a staggering $500,000.