Summary
- Fidelity Digital Assets predicts that Bitcoin will establish itself as a strategic reserve asset for nations.
- Government agencies are expected to consider allocating assets to Bitcoin, taking into account macroeconomic headwinds such as rising inflation.
- It was reported that while several governments, including the United States and China, hold Bitcoin, most of it is currently in the form of seizures related to criminal activities.
Bitcoin (BTC) is expected to establish itself as a strategic reserve asset for nations starting this year.
According to a report by CoinDesk on the 8th (local time), Fidelity Digital Assets stated in a report that "Bitcoin will undergo a groundbreaking change in terms of acceptance and adoption," and "more countries, central banks, sovereign wealth funds, and treasuries are expected to establish strategic positions through Bitcoin."
Fidelity anticipates that government agencies will consider allocating assets to Bitcoin, taking into account macroeconomic headwinds such as rising inflation, currency depreciation, and fiscal deficits.
According to the report data, while many governments, including the United States, China, the United Kingdom, Ukraine, Bhutan, and El Salvador, currently hold Bitcoin, it is still mostly in the form of seizures related to criminal activities.
YM Lee
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