Standard Chartered Sounds Alarm: A Major Bitcoin Buyer Has Disappeared

Standard Chartered has revised its long-term Bitcoin price targets downward, projecting that the era of significant corporate Bitcoin accumulation by digital asset treasury companies (DATs) is likely over because current valuations no longer support further expansion. Head of Digital Asset Research, Geoff Kendrick, stated that while the recent price pullback is within normal historical bounds, future price gains will rely almost entirely on inflows from spot Bitcoin ETFs. Consequently, the bank has pushed back its forecast for Bitcoin reaching $500,000 from 2028 to 2030, though it maintains long-term optimism based on continued portfolio optimization favoring Bitcoin over gold.

(Source：BeInCrypto)