According to Odaily Planet Daily, Standard Chartered's Geoff Kendrick stated that the 13F documents recently submitted to the U.S. Securities and Exchange Commission (SEC) support the view that Bitcoin prices could rise to $500,000 by the end of 2028. Despite a decline in direct ETF holdings in the first quarter, government institutions have increased their stakes in Strategy, a company regarded as an alternative asset to Bitcoin. This may reflect that government institutions are still trying to increase their Bitcoin holdings despite regulatory restrictions.

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