Nation State To Buy Bitcoin Worth ‘Billions Of Dollars’ Soon, Insider Predicts

Quick Summary:

David Bailey, CEO of Bitcoin Magazine and organizer of the Bitcoin Conference, has projected that nation-state adoption of BTC is imminent, with investments potentially reaching billions of dollars in the near future.

The Overton window has shifted so dramatically on this topic, I think we’re just months away from a nation state (or a few) entering the market in size (billions of dollars every month).

Additionally, Bailey organized a presidential roundtable focused on domestic BTC mining, which led to then-President Trump saying he “want all remaining Bitcoin” mined in the US.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryUnited States

Topics: Bitcoin Nation-State Adoption David Bailey Btc BTC news Btc price Bitcoin Bitcoin news Bitcoin News Bitcoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 07:33:56 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23390966

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Official Website: bitcoinist.com

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