Standard Chartered Bank: Government entities increase MSTR holdings in Q1, indirectly supporting Bitcoin's $500000 target for 2029

According to Foresight News, The Block reported that Standard Chartered Bank has released a research report mentioning an increase in MSTR holdings by government entities in the first quarter, including Norway, Switzerland, South Korea, and France and Saudi Arabia holding MSTR for the first time. Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that "this indicator indicates that indirect Bitcoin exposure growth through MSTR will support Bitcoin's goal of reaching $500000 by 2029