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A Particular Country is Considering Selling Government Bonds to Buy Bitcoin
The post A Particular Country is Considering Selling Government Bonds to Buy Bitcoin appeared on BitcoinEthereumNews.com. Bitwise CEO Hunter Hosley has disclosed a communication between him and a nation-state looking to switch from traditional bonds to Bitcoin. Bitcoin is now making headlines globally. The premier asset’s meteoric rise to fame has grabbed the attention of not just institutions but nations all over the world. Hunter Horsley, the CEO of asset manager Bitwise, recently disclosed that governments have started enquiring about Bitcoin. In a tweet, he revealed contact with a nation-state considering gaining exposure to the largest cryptocurrency by market cap. Bitcoin Entering the Next Chapter Before now, Bitcoin’s adoption lay between end-users and retail traders. However, its adoption curve has recently transcended from small-scale utility to large-scale accrual. The institutional play kicked in following the approval of the first-ever US Bitcoin spot exchange-traded funds (ETFs) a year ago. The investment vehicles allowed traditional financial whales to gain alternative exposure to the pioneering cryptocurrency. While institutions started warming to Bitcoin, the 47th US President, Donald Trump, broadened the adoption curve. His flirtation with digital assets during his campaign days took the adoption to a global scale. Horsley confirmed this emerging friendlier global bias in his latest post. The Bitwise CEO shared that the asset manager recently discussed with a nation’s government, who asked about Bitcoin ETFs. Also, Horsley revealed that the country is contemplating dumping some foreign government bonds for Bitcoin. He inferred that this new trend insinuated a changing investment trend among nations, insisting that “Bitcoin is entering a new chapter.” Meanwhile, the switch is logically sensible considering Bitcoin’s yearly performance compared to government bonds. For context, the premier asset surged over 120% in 2024, trouncing the 10-year US Treasury bond’s 4.5%. Countries Looking to Scoop Bitcoin While the nation’s identity remains unknown, countries are openly vying to scoop up the limitedly capped Bitcoin. Countries like…
The post A Particular Country is Considering Selling Government Bonds to Buy Bitcoin appeared on BitcoinEthereumNews.com.
Bitwise CEO Hunter Hosley has disclosed a communication between him and a nation-state looking to switch from traditional bonds to Bitcoin. Bitcoin is now making headlines globally. The premier asset’s meteoric rise to fame has grabbed the attention of not just institutions but nations all over the world. Hunter Horsley, the CEO of asset manager Bitwise, recently disclosed that governments have started enquiring about Bitcoin. In a tweet, he revealed contact with a nation-state considering gaining exposure to the largest cryptocurrency by market cap. Bitcoin Entering the Next Chapter Before now, Bitcoin’s adoption lay between end-users and retail traders. However, its adoption curve has recently transcended from small-scale utility to large-scale accrual. The institutional play kicked in following the approval of the first-ever US Bitcoin spot exchange-traded funds (ETFs) a year ago. The investment vehicles allowed traditional financial whales to gain alternative exposure to the pioneering cryptocurrency. While institutions started warming to Bitcoin, the 47th US President, Donald Trump, broadened the adoption curve. His flirtation with digital assets during his campaign days took the adoption to a global scale. Horsley confirmed this emerging friendlier global bias in his latest post. The Bitwise CEO shared that the asset manager recently discussed with a nation’s government, who asked about Bitcoin ETFs. Also, Horsley revealed that the country is contemplating dumping some foreign government bonds for Bitcoin. He inferred that this new trend insinuated a changing investment trend among nations, insisting that “Bitcoin is entering a new chapter.” Meanwhile, the switch is logically sensible considering Bitcoin’s yearly performance compared to government bonds. For context, the premier asset surged over 120% in 2024, trouncing the 10-year US Treasury bond’s 4.5%. Countries Looking to Scoop Bitcoin While the nation’s identity remains unknown, countries are openly vying to scoop up the limitedly capped Bitcoin. Countries like…
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