✉news BusinessCrypto first seen 22 h ago, last 1 h ago, peak #1
Sovereign fund sells gold for bitcoin as analyst eyes $1.3M
Original: Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains
A sovereign wealth fund has reportedly sold part of its gold holdings to buy bitcoin, a move highlighted by Bitwise chief investment officer Matt Hougan, who has suggested bitcoin could eventually reach $1.3 million. The story is drawing attention as institutional adoption of crypto accelerates and investors debate whether digital assets are displacing gold as a store of value.
Why now: A sovereign fund swapping gold for bitcoin, plus a headline-grabbing price prediction, fuels debate about institutional crypto adoption.
Evidence
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · Yahoo Finance
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · CCN.com
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