Standard Chartered Bank: Sovereign Wealth Funds Accelerate BTC Allocation, Maintaining the Prediction of Bitcoin Price Reaching $500,000 in 2028 ChainCatcher News, according to TheBlock report, Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, released the latest research report indicating that institutional investors are entering the Bitcoin market at an accelerated pace. The fourth-quarter 13F filings show that in addition to hedge funds maintaining dominant buying positions, banks have significantly increased their buying efforts. The Abu Dhabi sovereign fund holds about 4,700 equivalent bitcoins in the BlackRock IBIT ETF, with the scale expected to further expand. Kendrick stated that the Central Bank of the Czech Republic is considering allocating about 5% of its 140 billion euros reserves, approximately 7 billion euros, to Bitcoin, while the Swiss Central Bank is in the early stages of exploring Bitcoin investments. As institutional entry barriers drop and volatility decreases, more institutional investment portfolios will gradually transition from underweight Bitcoin to optimal allocation levels. Kendrick maintains the Bitcoin price for 2028