WHEN GOVERNMENTS INVEST IN BITCOIN
From March 22nd to March 29th, Seventy top financial experts explored the implications and landscape of sovereign investment in bitcoin in the upcoming decade at a global online event hosted by leading crowdsourcing platform and consultancy, Wikistrat.
About the Simulation
Over the past 13 years, the world has witnessed the evolution of Bitcoin as an emerging storehold of wealth. This adoption has progressed through technologists, retail investors, corporations, and now institutional investors. In the months and years ahead, many predict that Bitcoin’s volatility will further stabilize, its legitimacy will strengthen, and its market capitalization will continue to expand.
As Bitcoin continues to mature as a mainstream investment, Wikistrat explored when and to what extent governments and government-controlled institutions will invest in Bitcoin as a treasury reserve asset of the future. From March 22nd to March 29th, Wikistrat ran an online simulation in which we asked a crowd of 70 professionals from the financial sector to explore scenarios on the potential implications of sovereign investors – such as central banks, sovereign wealth funds, state, and municipal level treasuries – investing in Bitcoin in the upcoming 10 years.