Bitwise CEO reveals: Some countries considering using BTC as an alternative to traditional bonds
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Bitwise CEO reveals: Some countries considering using BTC as an alternative to traditional bonds
BTC, once seen as a speculative asset, is now genuinely entering the consideration of governments.
Navigating Web3 tides with focused insightsSource: cryptoslate
Compiled by: Blockchain Knight
It is reported that a national government is exploring the use of BTC as an alternative to its foreign exchange bonds.
On January 16, Hunter Horsley, CEO of Bitwise, revealed this development, noting that his company has provided the government with detailed information regarding BTC ETFs.
According to Horsley, the government is studying the possibility of reallocating part of its bond investments into BTC.
Horsley added: "We just provided some information to a nation inquiring about BTC ETFs. We are considering shifting part of our foreign currency government bond investments into BTC. BTC is entering a new chapter."
Bitwise, known for managing one of the world's top five BTC ETFs with over $4 billion in assets, stands at the center of this intriguing shift.
Horsley’s revelation demonstrates that BTC, once viewed as a speculative asset, is now genuinely under consideration by governments.
Market observers point out that BTC’s appeal as a hedge against economic instability is hard to ignore.
Rising global inflation rates, weakening fiat currencies, and mounting national debts are forcing many governments to reconsider their traditional stance on BTC.
Observers note that BTC’s limited supply and independence from central control make it a preferred option for mitigating economic risks.
Some countries have already begun laying the groundwork for integrating BTC into their financial systems. For example, the United States is working to establish a national BTC reserve.
Legislators have introduced a bill toward this goal, and the incoming Trump administration also strongly supports the initiative.
It is reported that globally, nations such as Poland, Germany, and Hong Kong are also evaluating the potential applications of BTC.
This trend suggests that early adopters may gain economic and political competitive advantages as BTC's role in global finance continues to expand.
Meanwhile, some experts believe countries may quietly accumulate BTC to avoid triggering a sharp price surge.
Fidelity, a traditional financial giant, pointed out that publicly announcing such plans could spark investor interest and drive up BTC's value.
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