Major Bank Analyst Predicts Bitcoin Price to Quintuple Before Trump's Departure

In the first quarter of this year (January to March), Standard Chartered Bank highlighted that government agencies have increased their purchases of MicroStrategy shares as an indirect exposure to the cryptocurrency Bitcoin. This development was reported by U.S. media outlets including The Block, based on the bank's analytical notes. Analysts from the bank argue that this trend supports their unique prediction that the price of Bitcoin will reach $500,000 by the end of President Trump's term in 2029. Mr. Jeffrey Kendrick, the Global Head of Digital Asset Research at Standard Chartered, stated, 'The latest SEC data shows that Bitcoin is gaining broad institutional...