Fidelity Digital Assets predicts that 2025 will be a turning point for Bitcoin adoption, with more countries, central banks, sovereign wealth funds and government finance ministries expected to buy Bitcoin to build strategic reserves. The report points out that with rising inflation, currency depreciation and widening fiscal deficits, allocating Bitcoin may be better than not allocating to cope with macroeconomic headwinds.
Fidelity analyst Matt Hogan said that as a strategic asset, Bitcoin may attract more countries to adopt an accumulation strategy, although some countries may buy it secretly to avoid pushing up market prices. Currently, the United States, China, the United Kingdom, Ukraine, Bhutan and El Salvador are the governments with the most Bitcoin, most of which are obtained through assets confiscated by the government or recovered from criminal activities. In addition, the report mentioned that US President-elect Trump and Senator Cynthia Lummis both support the establishment of national Bitcoin reserves. If the Bitcoin Act proposed by Lummis in 2024 is passed, it may prompt other countries to follow suit. Fidelity pointed out that this political and financial game will further promote the global adoption of Bitcoin. (Coindesk)