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Is Sovereign FOMO Real?
The $50 Trillion Race for Digital Gold
Antoinette Rodriguez, MBA
December 06, 2024
Sovereign funds in 2020: “Bitcoin is a speculative bubble.”
Sovereign funds in 2024: “Quick, buy before Bhutan gets the rest!”
Are sovereign wealth funds about to trigger the biggest FOMO crypto rally in financial history?
The New Sovereign Game
Just think of Bitcoin like Manhattan real estate in the 1800s - those who bought early became dynasties, while latecomers paid a premium. With Bitcoin surging past $99,000 and becoming the eighth most valuable asset globally, we're witnessing an unprecedented sovereign rush into cryptocurrency.
Beyond Political Shifts
While Trump's recent election victory and promises of a strategic Bitcoin reserve have certainly fueled the fire, this goes deeper than American politics. Bhutan quietly accumulated over $1 billion in Bitcoin - representing one-third of their GDP - while El Salvador's holdings have grown to over 6,000 BTC. The UAE and Saudi Arabia are reportedly considering Bitcoin for their sovereign wealth funds.