Standard Chartered "Possibility of Bitcoin reaching $500,000 before Trump leaves office"

Standard Chartered has predicted that Bitcoin could reach 500,000 Dollars before President Donald Trump leaves office. According to CoinDesk, Standard Chartered Analyst Jeff Kendrick analyzed that “Governmental agencies around the world are quickly expanding their indirect holdings of Bitcoin by purchasing strategic shares.”

He stated that the Norwegian Government Pension Fund and the Swiss Central Bank each held 700 BTC indirectly through strategy, and both the Korean National Pension Service and Korea Investment Corporation also held 700 BTC each indirectly. It is also known that the United States State Government Pensions have additionally secured a total of 1000 BTC. Kendrick emphasized that this trend “Further supports our prediction of BTC reaching 500,000 Dollars before Trump's departure from office.”