Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States.
Adoption news
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
The geographic distribution of crypto developers often signals the regions poised to drive future blockchain innovation.
In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.
Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios.
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.
The United States Treasury Department is taking an interest in stablecoins and tokenization.