According to x mail Written by Vetle Lunde, K33 Research, the sovereign wealth box in Norway, which is called Norges Bank Management (NBIM), witnessed an increase in Bitcoin (BTC) directly 153 % in 2024.
The indirect bitcoin exposure to NBIM rises
BTC’s increasing dependence between companies and national courses is now reflected in financial tools that may not necessarily be directly exposed to digital assets. The indirect BTC exposure from NBIM grew from 2,446 BTC on June 30, 2024, to 3821 BTC at the time of writing this report.
In terms of annual growth, exposure to NBIM BTC increased by approximately 153 %, increasing from 1507 BTC at the end of 2023 to 3821 BTC by the end of 2024. Because of BTC deliberate efforts. He added:
The indirect exposure of NBIM is one of the strongest examples of how to slide BTC in any well -not qualified portfolio, and growth is a testimony of maturity in the market and BTC ends in any well -not well -qualified portfolio, its intention or not.
Basically, Lunde stressed that Bitcoin has matured to a point where it became an indispensable part of the main institutional investment strategies – both intentionally or not.
Lund also indicated that NBIM has increased his bitcoin entity such as Riot Forms and Japanese Metaplanet. In addition, although previous expectations of low exposure, NBIM maintained a significant investment in Microstrategy.
It is worth noting, as of December 31, 2024, exposure to an indirect individual in Norway reached $ 64. Meanwhile, the exposure to NBIM BTC grew in US dollars from $ 23 million in 2020 to $ 356 million in 2024.
BTC adoption between sovereign funds
While BTC’s adoption between companies has been an increasing trend in recent years, sovereign money around the world is increasingly heated to the leading cryptocurrency. new a report Written by Fidelity Digital Assets indicates that Bitcoin’s adoption by national states and government treasury will move the next wave of expansion of encryption.
In October 2024, David Billy, CEO of Bitcoin Magazine, expected that the dependence of the national state from BTC is likely to pick up in the coming years. At that time, Pelly said that there is “hidden from the adoption of the National Bitcoin state” that is behind the scenes.
Recently, the Senate Member of Kansas State foot A bill that proposes up to 10 % of pension funds for public employees is allocated to the investment funds circulating in Bitcoin. Likewise, North Dakota A presented invoice It aims to expand digital asset investments – including BTC – as a hedge against inflation.
Moreover, a report from Bitwise assume BTC has properties that make it a possible form of “insurance of wallet” against sovereign virtual risks. At the time of the press, BTC is trading at $ 101,868, a decrease of 0.6 % in the past 24 hours.
Distinctive image from Unsplash.com, plans from x and tradingview.com
