JAKARTA Digital Bitcoin (BTC) assets are increasingly being watched by various parties, not only from individual and institutional investors, but also from the government in the world. According to on-chain analyst Willy Woo, many countries will compete to own Bitcoin. When this happens, the price of BTC will penetrate a higher price level.
In his latest interview with Natalie Brunell, Woo highlighted that the trend of Bitcoin ownership by corporations, spearheaded by MicroStrategy in the previous cycle, is now starting to shift to the realm of the country. El Salvador and Bhutan are the pioneers in integrating Bitcoin into their economic strategy, both as a reserve for wealth and strategic assets.
I believe this cycle will show more state wealth funds following this move. All of this has become a kind of global race towards wider adoption," Woo said.
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One of the important moments on this trip is Larry Fink's statement, CEO of BlackRock, who publicly expressed his support for Bitcoin. According to Woo, this change of view is an important turning point, as big asset managers no longer hesitate to recommend Bitcoin to their clients.
In the past, recommending Bitcoin was considered risky for their careers. Now, even the head of investment in major banks has started to refer to Bitcoin as the next reserve currency," he added.
As of this article, the price of Bitcoin was at US$105,785 (approximately Rp1.71 billion), having previously reached a record high of more than US$108,000 (approximately Rp1.75 billion) on Monday January 20. In the last 24 hours, crypto assets with the largest market cap have increased by more than 4% based on data from CoinMarketCap.
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