Institutional and National Adoption Poise Bitcoin for Historic Growth
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. Speaking to Natalie Brunell, Woo reflected on how MicroStrategy’s decision to hold Bitcoin in its reserves sparked a wave of corporate interest during the previous market cycle. He now envisions a different dynamic unfolding—sovereign wealth funds from various nations may follow the example of pioneers like El Salvador and Bhutan, creating a ripple effect that grows with each step. Woo also pointed to a significant shift in institutional attitudes, highlighting 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. SHARE: 0 SHARES