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⚡️🚨 Fidelity Digital Assets says nation-state adoption of Bitcoin will trigger significant growth in the cryptocurrency market this year.

Matt Hogan, analyst at Fidelity Digital Assets, said that not making a Bitcoin allocation could become more of a risk for nations than making one.

"We expect more nation-states, central banks, sovereign wealth funds and government treasuries to look to establish strategic positions in Bitcoin."

"It is likely that nation-states would begin to accumulate in secret".

"No nation has any incentive to announce these plans, as this could influence more buyers and drive prices higher."

"We may be entering the dawn of a new era for digital assets, which is likely to extend over several years, if not decades".

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chrizzz 1y ago

So once a nation state feels it has enough or can’t buy more they will announce to drive prices higher for others. Game theory on!

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FLASH 1y ago

"It is likely that nation-states would begin to accumulate in secret" 🤫

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