Can Bitcoin reach $ 500,000? The analyst reveals that institutional adoption can be the key
Jeffrey Kendrick, head of digital asset research in Standard Charter, believes that the Bitcoin Road to reach $ 500,000 before President Donald Trump leaves his position dependent on increasing long -term investment of government pension funds.
In a research note on Tuesday, Kendrick highlighted that the country’s pension funds currently account for only 1 % of Bitcoin Etf. This number is expected to rise with the expansion of institutional participation.
Bitcoin’s height to $ 500,000
By analyzing 13F files in the fourth quarter, Kendrick indicated that hedge funds still dominate Bitcoin, with Brevan Howard purchased equivalent to 14500 BTC in the fourth quarter.
Banks such as Goldman Sachs also increased their property, while sovereign wealth boxes, including the State Fund in Abu Dhabi, entered the market at the 4700 BTC center in ETF from Blackrock.
The cancellation of SAB 121, which was previously restricting banks to obtain digital assets, is expected to increase the adoption of institutions.
In addition, Kendrick believes that sovereign wealth funds will increase their exposure, driven by the increasing bitcoin reserves in the United States government.
In order for Bitcoin to reach $ 500,000, it is necessary to share a broader institutional participation, especially from government pension boxes.
Kindrik argues that retirement funds provide long -term and stable capital, which reduces fluctuations and support bitcoin maturity as institutional origin.
Bitcoin adoption in 2025
Kendrick expects bitcoin to continue by banks and sovereign wealth boxes in the first quarter of 2025.
With Bitcoin market maturity, Kendrick expects a broader investor base.
It is expected that facilitating organizational restrictions and increasing global adoption will help in this transformation.
It is controlled by retail dealers at first, followed by an early ETF hedge funds, the market is now witnessing interest from sovereign entities.
In the future, Kendrick expects that the state’s retirement pension boxes will enter the area. It is also noted that the central banks may follow, noting that the potential bitcoin allocate to the Czech bank, which reaches 5 % of the 140 billion euros reserves and investment considerations in the Swiss National Bank in the early stage.
With the improvement of institutional access and decreased fluctuations, Kendrick expects more wallets that turn towards an optimal bitcoin from weight loss.
With Vision 2024 Vision 499,000 BTC of instant ETF purchases and Microstrategy accumulating 257000 BTC, Kendrick expects a greater institutional demand in 2025.
The entry of pension funds can be a turning point, as Bitcoin of alternative origin is transmitted to a basic component of the various institutional portfolios.
Bitcoin price today
Bitcoin continued to struggle on Tuesday. The currency has decreased by 2 % over the past 24 hours to trade at a price of 94152.43 dollars.
Bitcoin’s height is 24 hours and less than 96,730 and 94,080.29 dollars.
Bitcoin price was linked between $ 94,000 and 100,000 dollars for about two weeks, indicating a period of monotheism.
The ceiling of the Crypto global market has decreased to $ 3.09 trillion, which represents a decrease of 2.81 % over the past 24 hours.
The dominance of the market in Bitcoin increased to 60.44 %, an increase of 0.79 % over the previous day.
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