✉news BusinessCrypto first seen 17 h ago, last 54 min ago, peak #1
Sovereign Fund Sells Gold for Bitcoin as $1.3M Target Floated
Original: Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains
Bitwise chief investment officer Matt Hougan is drawing attention with a scenario in which Bitcoin could reach $1.3 million, tied to a sovereign wealth fund reportedly selling gold holdings to buy cryptocurrency. The move is being read as a sign that state-level investors may be shifting from traditional safe-haven assets into Bitcoin, fueling debate over how far institutional and government adoption could push the price.
Why now: Reports of a sovereign fund swapping gold for crypto and a high-profile price prediction have reignited bullish speculation about Bitcoin's ceiling.
Evidence
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · Yahoo Finance
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · CCN.com
API: https://socialmediatrends-api.osmike.com/v1/trends/849615