Bitcoin Dip Attracts Gradual Buying From Sovereign Funds—CEO
Reports have disclosed a sharp rebound in crypto markets this week, with Bitcoin jumping 8% to trade above $93,000 after sliding from lows under $85,000 earlier in the week. Related Reading: SBF Cheers Trump’s Pardon Of Honduras Ex-President Traders are watching the Federal Reserve’s December actions closely as they try to gauge how much liquidity […]
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Sovereign wealth funds may soon become the next major investors to enter the Bitcoin scene. State-owned investment funds are reportedly making inquiries into buying Bitcoin (BTC).According to Robert Gutmann, CEO of New York Digital Investment Group, the firm has been having conversations with sovereign wealth funds about possible Bitcoin investments.Gutmann made this known while appearing at a virtual podcast with investment strategist and founder of Real Vision Raoul Pal.Pal also confirmed Gutmann’s revelation, stating that Singapore’s sovereign wealth fund Temasek was indeed a Bitcoin....
“Bitcoin unlocks financial sovereignty, but its ideals and technology pave the road for the possibility of a fully-sovereign individual.”
Personal servers, like Umbrel and Start9’s Embassy, are ways for people to have more control over data and become more sovereign in the process.
A sovereign debt crisis is brewing in Europe, and it will likely perpetuate the euro's devaluation and pave the path for Bitcoin.
1997’s “The Sovereign Individual” is remarkably prescient, with its predictions of how society will change coming to life with Bitcoin today.