Sovereign Wealth Funds Are Ready to Buy Bitcoin Says Saylor
Bitcoin-bull Michael Saylor of MicroStrategy gives his expectations for the next round of institutional buyers coming into the space. What’s surprising is that Saylor believes governments, via sovereign wealth funds, are next in line to buy. Saylor Believes Bitcoin Over Gold is The Smart Play When it comes to the question of wealth preservation, parallels […]
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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....
Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, has reaffirmed his standout price forecast for Bitcoin. Kendrick, who envisions BTC hitting $500,000 by 2028, bases his conviction on evidence of increasing institutional involvement — specifically pointing to sovereign wealth funds, state pension funds, and other large-scale investors. Sovereign Wealth Funds Enter The Bitcoin Fray According to a new report from Standard Chartered cited by The Block, Kendrick sees growing signs that government-backed investment vehicles are ramping up their interest in Bitcoin.....
In a move that could significantly impact Bitcoin (BTC) and the broader crypto landscape, President Donald Trump signed an executive order on Monday establishing plans for a government-run sovereign wealth fund aimed at economic development. This initiative follows Trump’s ongoing commitment to leverage Bitcoin and digital assets as a tool for the country’s economic strategy, […]
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin. MicroStrategy CEO and Bitcoin permabull, Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds. Saylor told Bloomberg on Tuesday, that he’d love to see the day come where Bitcoin-backed bonds are sold like mortgage-backed securities, but warned that, “the market is not quite ready for that right now. The next best idea was a term loan from a major bank.”MacroStrategy, a subsidiary of @MicroStrategy, has....
Bitcoin is the leading investment for MacroStrategy, a division of software company, MicroStrategy. Michael Saylor, who heads up this firm, has always been a BTC maximalist. Saylor has both a personal and institutional stake in the digital asset. MacroStrategy has continued to up its investment in the digital asset since it first started investing. So has its CEO, Michael Saylor. Saylor has never been shy about expressing his support for BTC. The CEO regularly talks about the asset on his Twitter page. Usually encouraging people to consider investing in the digital asset. Now, Saylor has....