Standard Chartered Bank: The expansion of government strategic shareholding indicates an increase in structural demand for Bitcoin

According to CoinDesk, Standard Chartered Bank's latest research report shows that multiple government agencies increased their holdings of Bitcoin concept stock MicroStrategy (MSTR) in the first quarter of this year, indicating that in regions where direct holding of Bitcoin is restricted by regulations, official funds are gaining exposure to cryptocurrency assets through stock channels. Data shows that: 1. Sovereign funds increase their holdings: the Norwegian government pension fund and the Swiss central bank jointly increase their holdings of MSTR positions equivalent to 700 bitcoins; The Korean National Pension and Investment Corporation jointly increased their holdings of 700 BTC equivalent stocks. 2. Local pension funds enter the market: California, New York, and North Carolina retirement funds in the United States have collectively increased their holdings of approximately 1000 BTC equivalent stocks. The French Trust Agency and the Saudi Central Bank have established MSTR holdings for the first time. The report points out that such holdings reflect the "structural demand growth" for Bitcoin, supporting the bank's core prediction that Bitcoin will reach $500000 before President Trump leaves office.