Institutional and National Adoption Poise Bitcoin for Historic Growth

Bitcoin's potential to reshape global finance is gaining attention, with analyst Willy Woo suggesting that competition among nations could play a key role in driving its value upward.

Speaking to Natalie Brunell, Woo reflected on how MicroStrategy’s decision to hold Bitcoin in its reserves sparked a wave of corporate interest during the previous market cycle.

He now envisions a different dynamic unfolding—sovereign wealth funds from various nations may follow the example of pioneers like El Salvador and Bhutan, creating a ripple effect that grows with each step.

Woo also pointed to a significant shift in institutional attitudes, highlighting BlackRock CEO Larry Fink’s public support for Bitcoin as a pivotal moment.

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He noted that where once asset managers hesitated to endorse Bitcoin due to career risks, they are now not only advocating for it but also entertaining the idea of it becoming a global reserve currency.

This evolution, he suggests, reflects the growing confidence in Bitcoin’s role within the financial landscape.

Alexander Zdravkov