Standard Chartered dey project say Bitcoin price go surge to $500,000 as institutional and ETF demand dey rise

Standard Chartered Bank don confirm their very optimistic forecast for Bitcoin price, dem talk say BTC fit reach $500,000 by 2029. This forecast dey driven by growing interest from institutions and sovereign wealth funds, especially through indirect exposure like buying shares for companies wey get plenty BTC holdings like MicroStrategy. For example, France and Saudi Arabia buy MicroStrategy shares in 2025, plus public funds for Norway, Switzerland, and South Korea dey increase their allocation. Na so US pension funds for states like New York and California get indirect BTC exposure through these equities. The latest update highlight say institutional demand for Bitcoin don surge after recent U.S. SEC filings for spot Bitcoin ETFs. Standard Chartered analysts believe say these regulatory moves and the soon approval of new Bitcoin ETFs go bring more capital wey go increase investment and valuation. Other markets wey get similar ETF products support this bullish trend. As more institutions dey find both direct and alternative ways to get Bitcoin exposure, especially now say volatility dey drop and access improve, Standard Chartered see institutional adoption dey speed up. The bank note say investors dey attracted to indirect exposure to avoid wahala for volatility, regulation, and custody. Some public funds still dey invest for spot Bitcoin ETFs, but market participation go widen as regulatory clarity improve. Overall, Standard Chartered report conclude say continued institutional adoption, ETF approvals, and changing investment strategies set strong foundation for long-term Bitcoin price growth, even though short-term volatility fit happen as new capital enter the market.