✉news BusinessCrypto first seen 5 h ago, last 1 h ago, peak #1
Sovereign fund swaps gold for Bitcoin in bold bet
Original: Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains
Bitwise chief investment officer Matt Hougan says Bitcoin could climb as high as $1.3 million, pointing to a sovereign wealth fund's decision to sell part of its gold holdings and move into cryptocurrency. The move is being read as a sign that even state-level investors now treat Bitcoin as a replacement for gold as a store of value, fueling debate over how far the rally could run.
Why now: A sovereign fund's shift from gold to crypto supports bullish institutional forecasts like Hougan's, drawing attention amid Bitcoin's ongoing price rally
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.
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
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