PANews reported on May 20 that Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that recent 13F documents from the U.S. Securities and Exchange Commission (SEC) indicate that Bitcoin prices could rise to $500,000 by the end of 2028. Although Bitcoin holdings directly invested in ETFs declined in the first quarter, government entities increased their holdings in Strategy Corp. (formerly known as MicroStrategy), which is seen as an alternative investment target for Bitcoin. This may reflect that despite regulatory restrictions, all parties are still trying to seek investment exposure to Bitcoin.