Standard Chartered: Sovereign Funds exposing Bitcoin supports USD $ 500k projection

By Hannah Pérez

The sovereign funds are investing indirectly in Bitcoin through Strategy, which supports the central thesis Standard Chartered that BTC will reach the USD $ 500,000 before President Trump leaves the position

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• Pension funds from countries such as Norway, Switzerland, South Korea and France seek exposure to Bitcoin.
• These and other funds increased their participations in Strategy (MSTR), the largest head of Bitcoin.
• Purchases reflect a growing sovereign interest in BTC, even where this investment is restricted.
• Standard Chartered argues that the trend supports its thesis that BTC could reach USD $ 500,000 in 2029.

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Government entities decided to increase their indirect exposure to Bitcoin During the first quarter of 2025, a trend that supports the thesis of Standard Chartered that the cryptocurrency will rise to USD $ 500,000 per unit.

In a new report, collected by media such as The Block and COINDESKBritish bank analysts pointed out the growing trend of sovereign funds that seek to invest in Bitcoin as a positive factor that could boost long -term prices.

During the first quarter of 2025, the southern South Korean funds, Saudi, Norway and Switzerland increased their participation in actions of Strategy (MRST), which provide investors indirect exposure to Bitcoin (BTC).

Strategyborn in the era of the Puntocom, has been accumulating Bitcoins aggressively in his balance as a treasury reserve asset since 2020, becoming the largest public corporate head of cryptocurrency in the world. It currently has 576,230 BTC, valued at approximately USD $ 59 billion.

Sovereign funds invest in Strategy

The analysts of Standard Chartered They pointed out that both the Pension Fund of the Government of Norway and the Swiss National Bank (SNB) increased their MRST holdings in the equivalent of 700 BTC in the first quarter. They also did the National Pension Service of South Korea and the Korean Investment Corporation, according to the report.

State retirement funds in the United States, including California, New York and North Carolina, added to their holdings the equivalent of 1,000 Bitcoinswhile the Caisse des dépôts et consignations (CDC) of France and the Central Bank of Saudi Arabia added a small position in MSTR for the first time, added the bank.

These investments were revealed in the 13F records, a quarterly report that institutional investment managers with at least USD $ 100 million in assets under administration must submit to the US stock and values ​​commission. UU. (SEC).

“The latest 13F data of the SEC support our main thesis that Bitcoin will reach $ 500,000 before Trump leaves the position, since it attracts a greater number of institutional buyers“, Wrote Geoffrey Kendrick, global director of Digital Assets Research of Standard Charteredin a report published on Tuesday.

“As more investors access the asset and decrease volatility, we believe that portfolios will migrate to their optimal level from an initial position underpathed in BTC“

Trend supports the bitcoin the thesis

The regulatory presentations showed less interest in the funds quoted in the stock market (ETF) of Bitcoin in cash by sovereign investors. The bank called quarterly investments such as “disappointing“

While sovereign funds like Abu Dhabi’s, Mubadalaslightly increased their holdings in the ETF Bitcoin of BlackrockIbit, to 5,000 BTC, the most notable movements were the increases in Mstr’s property, Kendrick said, according to coverage.

A movement that caught the attention was the total liquidation of its position by the state of Wisconsin, where the State Investment Board completely left its position in Ibit valued at USD $ 355 million, or equivalent to 3,400 BTC according to the report.

“We believe that in some cases, MSTR holdings by government entities reflect a desire to obtain exposure to Bitcoin where local regulations do not allow BTC direct holdings,” The bank commented on.

Standard Chartered He is known for his bullish forecasts and optimistic vision of cryptocurrencies. The bank has previously estimated that Bitcoin It could close 2025 on the USD $ 200,000 and headed to USD $ 500,000 by 2029. Recently, the bank foreseen a rise in Bitcoin A USD $ 120K this quarter, which Kendrick said could be too low.

BTC is negotiated around 104,800 dollars at the time of writing these lines, an increase of 1% in 24 hours and 24% in the month, according to data from Coinmarketcap.

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Hannah Estefanía Pérez / Diariobitcoin

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