Sovereign Wealth Funds Accumulating Bitcoin at Current Prices, MidChains CEO Says

BTC-0.45%
According to Cointelegraph, on June 30, MidChains CEO Basil Al Askari said sovereign wealth funds are accumulating spot Bitcoin, viewing current price levels as an attractive entry point for institutional investors. Al Askari confirmed at least one sovereign wealth fund is already buying Bitcoin, with potentially a second fund joining within weeks. Global sovereign wealth funds collectively control over $13 trillion in assets, with Al Askari describing the current low prices as an "opportunity window" for large funds to enter.
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