SEC 13F Report Suggests Bitcoin’s Path to $500,000 by 2028 – Coincu

Standard Chartered, led by Geoff Kendrick, anticipates Bitcoin may hit $500,000 by 2028, according to insights drawn from the recent SEC 13F report. This estimation emerges despite a first-quarter dip in direct Bitcoin ETF holdings reported in early May.

This expectation outlined by Kendrick underlines potential shifts as institutions seek regulated Bitcoin exposure. This shift mirrors earlier strategies using structured products, like strategy-based ETFs, seen during past institutional Bitcoin forays.

Institutions Pivot to Regulated Bitcoin Investment Strategies

Geoff Kendrick from Standard Chartered Bank highlights the potential for Bitcoin’s price to surge as institutions explore new investment vehicles. Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank, said, “Though I have previously expressed bullish long-term targets for Bitcoin, I have not officially commented on the specific $500,000 forecast in relation to SEC 13F filings.” Government agencies have increased their participation in strategy products, utilized as alternatives to direct Bitcoin ETFs.

The move represents a broader institutional trend, steering clear of direct spot risks and focusing on regulated strategies. This not only impacts Bitcoin liquidity but also underscores changes in institutional investment behavior under regulatory pressures.

Market observers have noted the strategic maneuvers by government entities and institutions. Although Kendrick’s insights are shaping market sentiment, no direct quotes or primary statements confirm this exact forecast.

SEC 13F Reports: Historical Trends in Institutional Strategy Shifts

Did you know? The latest SEC 13F data indicate a historical pattern, where institutional strategy adoption often precedes large-scale Bitcoin market movements, reflecting past events like the Grayscale and Tesla investments in 2020-2021.

As of May 21, 2025, Bitcoin (BTC) is priced at $106,954.12, capturing a market cap of approximately $2.12 trillion, according to CoinMarketCap. Its 24-hour trading volume dropped by 40.91%, yet showed gains over both 30-day and 60-day periods, demonstrating its persistent market power.

Experts from Coincu’s research team emphasize the significance of regulatory adaptation and market trend prediction. Past financial cycles indicate that strategy ETF investments can drive significant upward price trends, reinforcing the potential validity of Standard Chartered’s projection.