Fidelity predicts countries and central banks that avoided Bitcoin will acquire it by 2025. This marks a MAJOR shift in how Bitcoin and cryptocurrencies are perceived on a global scale, potentially transitioning Bitcoin from a disregarded asset to a legitimate store of value.
Several governments already own Bitcoin, primarily through law enforcement seizures. El Salvador is an exception, using Bitcoin as a national reserve asset. While some countries like the US and Russia are recognizing the importance of Bitcoin in reserves, more global adoption is expected.
Fidelity, a pioneer among traditional financial firms, has launched a Bitcoin spot ETF. Fidelity believes quiet government purchases will prevent price increases. In the US, political support for establishing a strategic Bitcoin reserve, as emphasized by Trump’s endorsement of the Bitcoin Act, may influence other nations.