Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022

Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022


Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve.

While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it for much longer. That’s why it is expected that more nation-states will purchase the cryptocurrency in the next year.

Fidelity On Why Countries Will Purchase Bitcoin

In a recent report published by Fidelity, it goes

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