Norway is algo buying Bitcoin!

Hello!

The news that Norway’s sovereign wealth fund, the biggest in the world with more than 2 trillion dollars in assets, has exposure to Bitcoin through MicroStrategy is something very important for the future of this space. According to the information, they own more than 1.1 billion dollars in MicroStrategy shares, which basically means indirect ownership of Bitcoin. This is not some small family office or crypto hedge fund. This is the largest sovereign wealth fund of the planet, built from the oil profits of Norway, a country with reputation for stability and conservative investments.

See the tweet from Vivek:

For me, this changes the conversation. For years we heard critics saying Bitcoin is only for retail, for speculators, for some tech guys dreaming of revolution. But now we are seeing institutions of the highest level entering the picture. If a sovereign wealth fund of this size is exposed to Bitcoin, even indirectly, it is a signal that the wall of money is beginning to touch crypto.

Of course, it is true that they didn’t buy Bitcoin directly. They bought MicroStrategy, which is a company holding one of the biggest Bitcoin treasuries in the world thanks to Michael Saylor. But this is exactly how it starts. First they get exposure with a company, then later, maybe they decide to buy Bitcoin itself. The fact that they are comfortable with this risk already tells us that Bitcoin is no longer ignored.

The implications are big. If other sovereign wealth funds, pension funds, and similar large institutions follow the same path, the demand for Bitcoin will be massive compared to the limited supply of 21 million. We are already seeing ETFs in the US and growing adoption everywhere. Norway’s step may inspire other governments or sovereign funds to think twice before ignoring this asset.

In my opinion, this is bullish long term. Even if in the short term the market moves sideways or corrects, the entrance of such giants gives confidence that the trend is only beginning. Bitcoin is being validated at the highest level of global finance, and that is something that cannot be reversed.

I hope you have a great weekend!

Posted Using INLEO