Anthony Pompliano: Sovereign wealth funds invest in Bitcoin via Coinbase
@APompliano: Wealth funds invest in Bitcoin
In a recent development, Coinbase has confirmed on national television that sovereign wealth funds have been actively investing in Bitcoin over the past few weeks.
The announcement went largely unnoticed despite its significance, as highlighted by Anthony Pompliano, a well-known cryptocurrency advocate. The influx of interest from sovereign wealth funds marks a notable shift in the landscape of cryptocurrency investments.
Anthony Pompliano, co-founder of Morgan Creek Digital, noted that such a move would have been considered implausible just a few years ago. This revelation indicates a growing acceptance of Bitcoin among a highly influential and conservative group of investors.
As sovereign wealth funds manage national revenue and reserves, their interest in Bitcoin suggests increased confidence in its long-term potential. Coinbase's confirmation serves as a milestone in Bitcoin’s journey toward mainstream institutional acceptance.
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In the previous news, tweet author Anthony Pompliano discussed the significance of American entrepreneurs driving GDP growth amid trade wars.
