The post These Central Banks Buy Bitcoin, Claims Expert appeared on BitcoinEthereumNews.com.

In a space on X that included influential voices from the industry—Bitcoin Magazine CEO David Bailey, alongside analysts Dylan LeClair and Matthew Pines—claims were made that are stirring intense discussions within financial and crypto circles. Bailey, who is serving as one of Trump’s closed Bitcoin advisors, boldly asserted that multiple central banks globally are actively acquiring Bitcoin. Central Banks Are Buying Bitcoin “David Bailey just claimed — without any evidence in Dylan LeClair ‘s space with Matthew Pines that central banks are buying Bitcoin,” stated Joe Carlasare, a partner at Amundsen Davis LLC. In a follow-up post on X, Bailey specifically pointed to lesser-known global players like Bhutan and Venezuela, as well as Iran, as early adopters in the central banking space. After being queried by Fred Krueger about which countries besides El Salvador, he revealed: “Iran, Bhutan, Venezuela, nobody super impressive. The large government buyers are the sovereign wealth funds.” He predicted that larger and more influential central banks would soon follow suit in acquiring BTC. “I do think you’re going to see large central banks start taking positions soon.” Mike Alfred, a former tech CEO and founder of a value investment fund, corroborated Bailey’s claim, citing his direct communications with representatives from Bhutan, Burkina Faso, and French Guyana. Alfred shared, “They are. Bhutan confirmed this to me on Tuesday. I have a call with Burkina Faso and French Guyana on Monday. It’s happening, homie.” Commenting specifically on Bhutan, Bailey stated “Bhutan situation is pretty wild,” and shared an article by the Observer Research Foundation. Bhutan is knowingly actively involved in Bitcoin mining. The country’s sovereign investment arm, Druk Holding & Investments (DHI), in collaboration with the Nasdaq-listed Bitdeer Technologies Group, is significantly expanding its Bitcoin mining operations as of the latest update. This strategic initiative aims to increase…

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Filed under: News - @ June 17, 2024 10:28 am