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$BTC on Track for $500K as Government Entities Boost 
$MSTR Holdings, Standard Chartered
Standard Chartered's Geoff Kendrick maintains BTC will reach $500,000 before 2029, citing increased government entity exposure through Strategy (MSTR) shares.
Twelve government bodies, including South Korea's National Pension Service and the Swiss National Bank, now hold 31,000 $BTC worth of $MSTR shares.
U.S. state retirement funds in California, New York, North Carolina, and Kentucky increased their #Bitcoin proxy holdings in Q1 2025.
"We believe some MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations don't allow direct BTC holdings," Kendrick noted.
Abu Dhabi's sovereign wealth fund Mubadala increased its $BTC exposure to 5,000 coins, validating Standard Chartered's thesis of widening #institutional demand.
