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Nation-State Adoption of Bitcoin Will Drive Crypto Growth in 2025: Fidelity
Matt Hogan, a research analyst at Fidelity Digital Assets, said that not allocating any bitcoin could be more dangerous for nations than allocating it.
National strategy in 2025, which will lead to significant growth in the crypto market, according to Fidelity Digital Assets in its latest research paper.
“We expect more nation-states, central banks, sovereign wealth funds, and government treasuries to look to establish strategic positions in bitcoin,” Matt Hogan, a research analyst at Fidelity Digital Assets, said in a research paper released by the firm on Jan. 7 titled “Looking Ahead in 2025.”
These entities may take note of the playbook used by Bhutan and El Salvador “and the significant returns they have been able to generate from such positions in a relatively short period of time,” he added.
He said that not making any bitcoins would make it more dangerous for nations to do so because of challenges such as debilitating inflation, currency devaluation, and growing fiscal deficits.
If the United States goes ahead with its plans for a strategic reserve of bitcoin, Hogan said, “nation states are likely to start accumulating them in secret.”He added: "No country has