✉news BusinessCrypto first seen 8 h ago, last 17 min ago, peak #1
Sovereign Fund Swaps Gold for Bitcoin as Bullish Bets Mount
Original: Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains
A sovereign wealth fund has sold part of its gold holdings to buy bitcoin, a move highlighted by Bitwise chief investment officer Matt Hougan, who has suggested bitcoin could eventually reach $1.3 million per coin. The fund's pivot from the traditional safe-haven asset to crypto is fueling debate about whether institutions now view bitcoin as digital gold and a long-term store of value.
Why now: A state-level investor ditching gold for bitcoin, paired with a striking $1.3 million price prediction, is drawing attention to growing institutional adoption of crypto.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 17 min 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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