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A $4.2T Asset Manager Just Said Governments Will Buy Bitcoin

The Breakdown

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Is El Salvador Talking Their Bag?

The bitcoin network demonstrated its resiliency despite the second largest economy in the world effectively banning it. We think there is a very high stake's game theory at play here, whereby if bit coin adoption increases, the countries that secure some bit coin to day will be better off competitively than their peers. Even if other countries do not believe in the investment thesis or adoption of bit coin, they will be forced to acquire some as a form of insurance. A small cost can be paid to day as a hedgeco to a potentially much larger cost years later.

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