According to Odaily Planet Daily, Standard Chartered's Geoff Kendrick stated that the 13F filings recently submitted to the U.S. Securities and Exchange Commission (SEC) support the possibility of Bitcoin's price reaching $500,000 by the end of 2028. Although direct ETF holdings decreased in the first quarter, government agencies increased their stakes in Strategy, a company viewed as an alternative asset to Bitcoin. This may reflect that government agencies are still attempting to increase their Bitcoin holdings despite regulatory restrictions.

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