✉news BusinessCrypto first seen 5 h ago, last 22 min ago, peak #11
Bitwise Research Head Claims Sovereigns Selling Gold for Bitcoin
Original: Bitwise Head Of Research: Sovereigns Selling Gold For Bitcoin | Ryan Rasmussen
Ryan Rasmussen, head of research at asset manager Bitwise, says sovereign wealth funds and nation-states are beginning to sell gold reserves and buy bitcoin instead. The claim suggests a shift in how governments view bitcoin as a reserve asset, rivaling gold's traditional role. The remarks are drawing attention in crypto and macro circles, though no specific sovereigns were named and the scale of any such selling remains unclear.
Why now: Claims that nation-states may be swapping gold for bitcoin feed ongoing debate about bitcoin becoming a reserve asset.
BitwiseRyan RasmussenBitcoinGold
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