SEC Data Could Support Case For Bitcoin to Hit $500K By End-2028: Standard Chartered -- Market Talk

Dow Jones

May 20, 2025

1231 GMT - The latest 13F data from the U.S. Securities and Exchange Commission supports the case for bitcoin to rise to $500,000 by the end of 2028 before President Trump leaves office, Standard Chartered's Geoff Kendrick says in a note. At first glance the data was disappointing as direct holdings of bitcoin exchange traded funds fell overall in the first quarter, he says. However, government entities increased their holdings of Strategy, formerly Microstrategy, which typically trades like a bitcoin proxy. "We believe that in some cases, Strategy holdings by government entities reflect a desire to gain bitcoin exposure where local regulations do not allow direct bitcoin holdings." Bitcoin falls 0.4% to $105,098, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 20, 2025 08:31 ET (12:31 GMT)

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At first glance the data was disappointing as direct holdings of bitcoin exchange traded funds fell overall in the first quarter, he says. However, government entities increased their holdings of <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, formerly Microstrategy, which typically trades like a bitcoin proxy. \"We believe that in some cases, <a href=\"https://laohu8.com/S/STRF\">Strategy</a> holdings by government entities reflect a desire to gain bitcoin exposure where local regulations do not allow direct bitcoin holdings.\" Bitcoin falls 0.4% to $105,098, according to LSEG. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 08:31 ET (12:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Data Could Support Case For Bitcoin to Hit $500K By End-2028: Standard Chartered -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Data Could Support Case For Bitcoin to Hit $500K By End-2028: Standard Chartered -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-20 20:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1231 GMT - The latest 13F data from the U.S. Securities and Exchange Commission supports the case for bitcoin to rise to $500,000 by the end of 2028 before President Trump leaves office, Standard Chartered's Geoff Kendrick says in a note. At first glance the data was disappointing as direct holdings of bitcoin exchange traded funds fell overall in the first quarter, he says. However, government entities increased their holdings of <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, formerly Microstrategy, which typically trades like a bitcoin proxy. \"We believe that in some cases, <a href=\"https://laohu8.com/S/STRF\">Strategy</a> holdings by government entities reflect a desire to gain bitcoin exposure where local regulations do not allow direct bitcoin holdings.\" Bitcoin falls 0.4% to $105,098, according to LSEG. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 08:31 ET (12:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09008","symbol_name":"博时比特币-U","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536176636","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536176636","pubTimestamp":1747744260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1231 GMT - The latest 13F data from the U.S. Securities and Exchange Commission supports the case for bitcoin to rise to $500,000 by the end of 2028 before President Trump leaves office, Standard Chartered's Geoff Kendrick says in a note. At first glance the data was disappointing as direct holdings of bitcoin exchange traded funds fell overall in the first quarter, he says. However, government entities increased their holdings of Strategy, formerly Microstrategy, which typically trades like a bitcoin proxy. \"We believe that in some cases, Strategy holdings by government entities reflect a desire to gain bitcoin exposure where local regulations do not allow direct bitcoin holdings.\" Bitcoin falls 0.4% to $105,098, according to LSEG. 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At first glance the data was disappointing as direct holdings of bitcoin exchange traded funds fell overall in the first quarter, he says. However, government entities increased their holdings of Strategy, formerly Microstrategy, which typically trades like a bitcoin proxy. \"We believe that in some cases, Strategy holdings by government entities reflect a desire to gain bitcoin exposure where local regulations do not allow direct bitcoin holdings.\" Bitcoin falls 0.4% to $105,098, according to LSEG. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2025 08:31 ET (12:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}