The new projection stems from institutional Bitcoin ( ) buying being slower than expected. Capital is arriving through Bitcoin ETF inflows but on measured allocation after the initial surge. The revised Standard Chartered Bitcoin prediction marks a change in tempo rather than direction-the bank's long-term Bitcoin $500K target remains but has been pushed to 2030, reflecting institutional reality rather than weakening conviction.
Bank of America is urging its wealth management clients to consider placing a small but deliberate slice of their portfolios into digital assets. The bank now recommends a 1% to 4% crypto allocation, marking a significant shift in how one of the country's largest financial institutions approaches Bitcoin exposure. The guidance applies across Merrill, Bank of America Private Bank, and Merrill Edge, according to a Yahoo Finance report.