Fidelity Digital Assets predicts that 2025 will be a turning point for Bitcoin adoption, with more countries, central banks, sovereign wealth funds, and government treasuries expected to buy Bitcoin to build strategic reserves. The report points out that as inflation rises, currency devaluation increases, and fiscal deficits widen, allocating Bitcoin may better address macroeconomic headwinds than not allocating it.
Fidelity analyst Matt Hogan states that Bitcoin, as a strategic asset, may attract more countries to adopt accumulation strategies, although some countries may secretly purchase it to avoid driving up market prices. Currently, the United States, China, the United Kingdom, Ukraine, Bhutan, and El Salvador are the governments holding the most Bitcoin, with most of it obtained through government seizures or recovered from criminal activities. Additionally, the report mentions that U.S. presidential candidate Trump and Senator Cynthia Lummis both support establishing a national Bitcoin reserve. If Lummis's (Bitcoin Bill) proposed in 2024 is passed, it could encourage other countries to follow suit. Fidelity notes that this political and financial game will further drive Bitcoin's global adoption. (Coindesk)

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