Sovereign Wealth Funds Begin Accumulating Spot Bitcoin, Says MidChains CEO

BTC-2.22%
According to Basil Al Askari, CEO of Abu Dhabi-based cryptocurrency exchange MidChains, at least one and possibly two sovereign wealth funds have recently begun accumulating spot Bitcoin. Speaking on a podcast, Al Askari noted that these funds view current Bitcoin price levels as an attractive entry point for long-term investment strategies. Large-scale investors are pursuing a gradual buying approach rather than making large purchases at once, aimed at minimizing sudden market impact.
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