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With the asset class expected to surge in value in the coming years, so to will the entities who invest in it. According to Standard Chartered, the number of sovereign wealth funds investing in Bitcoin is expected to continue increasing. Indeed, the $870 billion asset manager forecasts the trend will be a driving force of its $500,000 projection for BTC by 2028. The statement follows Abu Dhabi’s sovereign wealth fund recently investing in BlackRock’s iShares Bitcoin Trust (IBIT) ETF. They were certainly not alone, as they joined a handful of similar wealth funds that have invested in the asset class through exchange-traded products. It appears as though the ongoing trend is one that analysts expect to grow. JUST IN: $870 billion asset manager Standard Chartered expects more sovereign wealth funds to start buying Bitcoin. — Watcher.Guru (@WatcherGuru) February 18, 2025 Also Read: Fidelity Says Governments Are Likely to Buy Bitcoin in 2025 Standard Chartered Expects Foreign We...

Macro guru and Real Vision CEO Raoul Pal says he’s anticipating a “big breakout” for one crypto subsector. In a new interview on the Empire podcast, the former Goldman Sachs executive says gaming applications are approaching a new phase of adoption that may help trigger growth in the digital asset class. “When we start to see just straight-up user applications, we’re starting to see gaming, it’s starting to happen. I think that’s going to be a big breakout.”  Pal adds that his expected surge in crypto adoption will not be limited to blockchain-based games. He says that he expects crypto applications to witness a massive surge in user adoption in the coming months. “But we’ve got so many of these consumer apps. The old movement of Web2 to Web3 or ‘old internet’ to ‘new internet.’ That’s going to come at scale and I think we’re going to really start kicking off this cycl...