๐ฅ Latest: Every $1 of sovereign investments could raise the market value of Bitcoin by $25 in the short term!
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๐ According to Glassnode data:
โ Every $1 invested by sovereign entities (such as sovereign wealth funds and central banks) could lead to:
โ ๐ An increase of $25 in Bitcoin's market value in the short term
โ ๐ An increase of $1.70 in the long term
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๐ฆ What are sovereign entities?
โ Sovereign wealth funds
โ Central banks
โ Government financial institutions
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๐ Why is this important?
โ It shows the market leverage of institutional investments in the Bitcoin market
โ It opens the door to massive bullish scenarios if countries adopt digital assets
โ It enhances Bitcoin's image as a strategic reserve asset
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โDo you expect governments to actually start allocating a portion of their reserves in Bitcoin?
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