Bitcoin briefly surged above $107,000 on Tuesday after bullish forecasts from Standard Chartered and new research pointing to a weakening role for government bonds in portfolios.
Is BTC the new “safe haven” asset?
Standard Chartered: Bitcoin to Hit $500,000 by 2029
According to Geoffrey Kendrick, Standard Chartered’s Head of Digital Assets Research, Bitcoin could reach $500,000 before the end of Trump’s current term in 2029.
The forecast is backed by:
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Q1 13F SEC data showing a rise in institutional and even government exposure to Bitcoin.
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A decline in ETF exposure, with more investors buying Strategy (MSTR) shares as a proxy for BTC due to local regulatory restrictions on direct holdings.
“BTC will attract new institutional buyer types as the market matures,” Kendrick said.
“MSTR is being used by some governments as indirect Bitcoin exposure.”
Institutional Rotation: Bonds Out, Bitcoin In
A new report from KKR & Co. reveals that government bonds are losing their edge as risk-off hedges.
Both stocks and bonds are now falling in tandem, shaking confidence in traditional 60/40 portfolios.
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US 30-year yields broke above 5%
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Japan’s 30-year yields hit 3.15% — an all-time high
This has prompted CIOs to reassess their allocations.
Bitcoin and Gold are now seen as emerging defensive assets in a world where even treasuries aren’t safe.
ALSO READ: Top 10 Most Asked Questions About Trade245
Bitcoin Price Outlook: Eyeing All-Time Highs
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BTC touched $107,000, just shy of its all-time high of $108,786
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Up 33% from March lows of $79,500
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Bulls now eye a breakout above $110,000 in the short term
With institutional exposure increasing and bonds failing to offer downside protection, Bitcoin is stepping further into the spotlight—not just as a speculative asset, but a macro hedge.
Trade245 Takeaway
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📈 BTC breakout fuelled by institutional rotation and declining trust in bonds
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🏦 Strategy (MSTR) is becoming a BTC proxy for regulated investors
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🛡️ Bitcoin is emerging as a hedge against a broken bond-stock correlation
Next level to watch: $108,786 ATH — will Bitcoin finally break through?
