According to Foresight News, citing The Block, Standard Chartered Bank released a research report mentioning that government entities' MSTR holdings increased in the first quarter, with buyers including Norway, Switzerland, and South Korea. Additionally, France and Saudi Arabia have taken their first positions in MSTR. Geoffrey Kendrick, global head of digital assets research at Standard Chartered Bank, stated that "this indicator suggests that the indirect Bitcoin exposure through MSTR will support Bitcoin reaching a $500,000 target by 2029."
Standard Chartered Bank: Government entities’ MSTR holdings increased in the first quarter, indirectly supporting Bitcoin’s $500,000 target by 2029
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