Bitcoin Price To Reach $500K by 2028: Standard Chartered

By Vishakha Thakur

Bitcoin Price To Reach $500K by 2028: Standard Chartered.

Standard Chartered predicts Bitcoin’s price could surge to $500,000 by 2028, with $200,000 projected by 2025. The bank cites institutional inflows, the growth of Bitcoin ETFs, and declining market volatility as key drivers. With a potential reduction in volatility and increasing investor access, Bitcoin’s market adoption is set to accelerate. Regulatory support, however, remains a critical factor in this trajectory. Bitcoin surged to $99,000 following an endorsement by Eric Trump, reinforcing market optimism.

MicroStrategy (now Strategy) Acquires 218,887 BTC in Q4 2024, Posts 74% Yield.

MicroStrategy (now Strategy) reported a record quarterly Bitcoin acquisition of 218,887 BTC in Q4 2024, bringing its total holdings to 447,470 BTC, valued at $41.8 bn. Despite a $670 mn net loss in Q4 due to impairment costs, the company achieved a 74% Bitcoin yield in 2024. It aims to generate $10 bn in BTC gains by the end of 2025.

Solana App Revenue Skyrocket 213% in Q4, Memecoins Drive Surge.

Solana’s app revenue grew by 213% in Q4 2024, reaching $840 mn. Memecoin speculation played a key role, with platforms like Pump.fun generating $235 mn in Q4 revenue. DeFi platforms Photon and Raydium saw their revenues climb by over 250%. Solana’s decentralized finance ecosystem is thriving, with the blockchain securing a $8.6 bn total value locked by the end of Q4.

BlackRock To Launch Bitcoin ETP in Europe Following U.S. Success.

BlackRock is set to launch its first Bitcoin ETP in Europe, following the success of its U.S.listed Bitcoin ETF (IBIT), which amassed $60 bn in assets in under a year. The Switzerland-based ETP, expected to debut this month, reflects growing institutional interest in digital assets. Europe’s crypto-linked products market is expanding, with over 100 products and a combined $17 bn in assets. BlackRock’s entry may stir competition, with analysts highlighting fees as a pivotal factor for success.

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