Bitcoin's potential to reshape global finance is gaining attention, with analyst Willy Woo suggesting that competition among nations could play a key role in driving its value upward.
Analyst Willy Woo believes that competition among nations could drive up the value of Bitcoin. Speaking to Natalie Brunell, Woo noted how MicroStrategy’s decision to hold Bitcoin in its reserves sparked a wave of corporate interest during the previous market cycle.
Now, he envisions sovereign wealth funds from various nations following the example of pioneers like El Salvador and Bhutan, creating a ripple effect that grows with each step.
Woo also highlighted a significant shift in institutional attitudes, pointing to BlackRock CEO Larry Fink's public support for Bitcoin as a pivotal moment. He noted that where once asset managers hesitated to endorse Bitcoin due to career risks, they are now not only advocating for it but also entertaining the idea of it becoming a global reserve currency.
This evolution, he suggests, reflects the growing confidence in Bitcoin’s role within the financial landscape.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
