BTC, once viewed as a speculative asset, is truly entering the consideration of governments.
Source: cryptoslate
Translated by: Blockchain Knight
It has been reported that a certain national government is exploring the possibility of using BTC as an alternative to its foreign exchange bonds.
On January 16, Hunter Horsley, CEO of Bitwise, revealed this development and noted that his company has provided detailed information about BTC ETFs to the government.
According to Horsley, the government is studying the possibility of reallocating part of its bond investments into BTC.
Horsley added, "We have just provided some information for a country inquiring about BTC ETFs. We are considering shifting part of our foreign government bond investments to BTC. BTC is entering a new chapter."
Bitwise is known for managing one of the world's top five BTC ETFs, with assets exceeding $4 billion, and is at the center of this intriguing shift.
Horsley's revelation confirms that BTC, once seen as a speculative asset, is genuinely entering the consideration of governments.
Market observers point out that BTC's appeal as a hedge against economic instability is hard to ignore.
Rising global inflation rates, weakening fiat currencies, and increasing national debt are forcing many governments to reconsider their traditional BTC strategies.
Observers note that BTC's limited supply and independence from central control make it a preferred choice for mitigating economic risks.
Some countries are already laying the groundwork to incorporate BTC into their financial systems. For example, the United States is working to establish a national BTC reserve.
Legislators have proposed a bill for this, which the incoming Trump administration strongly supports.
It has been reported that countries such as Poland, Germany, and Hong Kong are also evaluating the application of BTC globally.
This trend indicates that as BTC's role in global finance continues to expand, early adopters may gain a competitive advantage economically and politically.
At the same time, some experts believe that countries may quietly accumulate BTC to avoid triggering a price surge.
Traditional financial giant Fidelity points out that publicly announcing such plans could spark investor interest, thereby driving up BTC's value.
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