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European central banks are quietly making significant investments in Bitcoin, a move that could reshape the cryptocurrency landscape. As noted by Discover Crypto, an analytic firm, in a YouTube video, central banks in Norway and Switzerland are strategically adding Bitcoin to their portfolios.
Norway’s central bank holds 1.1 million shares of MicroStrategy, while the Swiss National Bank holds up to 466,000 shares. This is not just a minor investment; it underscores a broader shift in how these financial institutions view digital assets.
These central banks have larger economies than initially assumed. For instance, Norway ranks as the 11th largest economy in Europe. This substantial economic power makes their investment choices particularly noteworthy.
Major banks are escalating their Bitcoin holdings, indicating growing institutional confidence in the cryptocurrency. This trend is being interpreted as a …
The post European Central Banks Secretly Accumulating Bitcoin: Could These Moves Propel It to $843,000? appeared first on Coin Edition.
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