Related Reading: Bitwise CIO Reveals Three Super Bullish Signals From Bitcoin ETFs Batten suggested that the ESG criteria, which are a significant factor in investment decisions for SWFs, are based on data that is at least three years old, and no longer accurately reflects the current state of Bitcoin mining technology and its environmental impact.“There’s a massive knowledge asymmetry where the knowledge that we now have about Bitcoin and its environmental benefits is now so different to what the ESG investment Committees of sovereign wealth funds believe about Bitcoin,” he stated.
He explained, “If a 1% deployment into Bitcoin were to happen, we can calculate based on the current ratio of dollar invested to market cap increase that it would lift Bitcoin price to over $148,000.” Why Sovereign Wealth Funds Are Likely To Buy Bitcoin The primary roadblock, according to Batten, is not a lack of interest but a lack of permissible investment frameworks within these funds, particularly concerning ESG (Environmental, Social, and Governance) criteria.“All of the Sovereign wealth funds want to invest into Bitcoin.
In the latest episode of the podcast “The Bitcoin Layer,” Daniel Batten, a recognized advocate for Bitcoin, discussed the potential impact of sovereign wealth funds (SWFs) on the Bitcoin price, predicting a rise to over $148,000 per BTC should these funds decide to invest even a minimal fraction of their assets.With $35.7 trillion under management between SWFs and public pension funds, a 1% allocation could have a significant impact on Bitcoin’s valuation.
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