Fidelity expects governments and nation-states to start adding Bitcoin to their portfolios
The post Fidelity expects governments and nation-states to start adding Bitcoin to their portfolios appeared on BitcoinEthereumNews.com.
Fidelity is calling it: governments and nation-states are about to get serious about Bitcoin. In a new report, the investment giant predicts a new chapter in Bitcoin’s journey—one where central banks and treasuries step up as big investors. Spot Bitcoin exchange-traded products (ETFs) made their debut in 2024, and they’ve been nothing short of a game-changer. By making Bitcoin accessible to both institutions and retail investors, these regulated financial tools have opened the floodgates. Pension funds and endowments were among the first to take the plunge. Now, Fidelity says, the next logical step is nation-states. Governments already holding Bitcoin The shift isn’t coming out of nowhere though. ‘Crypto president’ Donald Trump is about to take back the White House. And some governments already have Bitcoin on their books, though not always intentionally. America holds 198,109 BTC worth $20.1 billion. China isn’t far behind with 190,000 BTC, valued at $19.2 billion. The United Kingdom has 61,245 BTC, Ukraine 46,351 BTC, Bhutan 11,688 BTC, and El Salvador 5,961 BTC. Most of this Bitcoin wasn’t bought; it was seized. Governments often confiscate Bitcoin in criminal investigations, and regulations require auctioning it off rather than keeping it. So, while these countries technically hold Bitcoin, they haven’t made the conscious decision to use it as a treasury asset. Fidelity believes 2025 could be the year this changes. Here’s where it gets interesting: governments won’t shout from the rooftops about their Bitcoin buying. According to Fidelity, any country seriously planning to stack sats will do it quietly. Why? Because announcing their intentions would spike demand, driving up Bitcoin’s price and making accumulation even harder. This is geopolitics meets crypto game theory. How hilarious is that? The U.S., of course, would lead the charge. Trump and Senator Cynthia Lummis have both floated the idea of a national…
Filed under: News - @ January 8, 2025 5:27 pm