Norway Holds BTC: Sovereign Wealth Fund Buys Bitcoin "Unintentionally"
The Norwegian Government Pension Fund, the largest sovereign wealth fund in the world, has inadvertently invested in Bitcoin. According to a report from BTC-ECHO | Bitcoin & Blockchain since 2014, Norway's state pension fund now holds 2,446 Bitcoins indirectly through its investments in tech stocks such as MicroStrategy and other companies like Marathon Digital and Coinbase that are heavily involved with cryptocurrencies.
This unintentional investment is part of a broader strategy for sector weighting and risk diversification. The financial analyst Vetle Lunde noted that this indirect exposure illustrates how Bitcoin is maturing as an asset class suitable for diversified portfolios. If Norway were to directly invest just one percent of its $1.662 trillion assets into Bitcoin, it would result in over $16 billion flowing into the cryptocurrency market.
(m+) Are U.S.-Based Crypto ETFs Setting Up Another Crash?
Manager Magazin raises concerns about whether newly approved crypto ETFs could be laying the groundwork for another significant downturn in digital currencies like Bitcoin and Ether. Gary Gensler, head of the U.S. Securities and Exchange Commission (SEC), known for his critical stance on cryptocurrencies, plays a pivotal role here.
The article suggests that while these financial products offer new opportunities for investors, they also introduce risks reminiscent of past speculative bubbles. As regulatory scrutiny intensifies under Gensler’s leadership, there remains uncertainty about how sustainable these ETF-driven gains will be.
Bitcoin Price Forecast: Will the Rally Start Sooner Than Expected?
Finanzen.net reports optimistic projections regarding Bitcoin's price trajectory following recent volatility where BTC dropped below $50k but quickly rebounded above $60k per coin within weeks. Analysts believe we might see prices exceeding $100k by year-end due to factors including psychological thresholds at every ten-thousand-dollar mark which influence investor sentiment significantly.
An important catalyst mentioned is the recent halving event reducing new bitcoin issuance rates—a historical precursor to substantial price increases typically observed several months post-event—suggesting potential bullish trends emerging soon if patterns hold true again this cycle.
Lifestyle Led Authorities To Uncover “Bitcoin Gang”
A lavish lifestyle led authorities straight onto what media outlet DER STANDARD dubbed 'The Bitcoin Band'. This four-member group allegedly amassed up €14 million via cybercrime activities before being apprehended during their vacation trip across Italy after European arrest warrants issued upon French police investigations culminated successfully capturing both Saudi Arabian and Ukrainian nationals implicated therein.
Sources:
- Norwegen hält BTC: Staatsfonds kauft "unabsichtlich" Bitcoin
- (m+) Bitcoin, Ether und Krypto-ETFs: Legen die USA den Grundstein für einen neuen Krypto-Crash?
- New Hampshire Regulator verfügt Unterlassungsanordnung gegen Finstate Investment wegen Kryptobetrugs
- 5 Millionen US-Krypto-Besitzer werden gedrängt, Kamala Harris zu drängen, den SEC-Vorsitzenden vor der Wahl zu entlassen
- Bitcoin Kurs Prognose: Startet die Rallye früher als gedacht?
- Luxusleben führte Behörden auf die Spur der "Bitcoin-Bande"
