TechFlow news, May 20 — According to Walter Bloomberg, Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, said recent SEC Form 13F filings indicate that bitcoin's price could rise to $500,000 by the end of 2028.
Kendrick noted that although direct holdings of bitcoin through ETFs declined in the first quarter, government entities increased their stakes in Strategy, which is seen as an alternative investment vehicle for bitcoin. This may reflect ongoing efforts to gain exposure to bitcoin despite regulatory constraints.
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