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August 9, 2022
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Robert Gutmann (NYDIG): governments want to buy cryptocurrencies –

Robert Gutmann, CEO of cryptocurrency investment firm New York Digital Investment Group (NYDIG), said national governments are now considering investing in Bitcoin (BTC).

Robert Gutmann: Governments think about investing in BTC

Robert Gutmann in an interview with Real Vision founder Raoul Palem, he confirmedthat government funds are asking his company about the possibility of buying BTC.

In response, Pal revealed that Temasek Holdings, a Singapore government-owned investment firm that manages a net portfolio of $ 306 billion, has long been buying Bitcoin. Interestingly, it only buys cryptocurrencies that have never been used in any transaction.

Why is it worth investing in BTC today?

Gutmann also explained why he thinks cryptocurrencies are becoming attractive in the eyes of large investors. He suggested that today it makes sense to simply diversify your investments and not just focus on the dollar, for example.

If the CEO of NYDIG is telling the truth, state actions are in line with a broader trend. State funds show interest in Bitcoin at a time when Wall Street institutions are already investing heavily in cryptocurrencies. For example, a recent Goldman Sachs filing with the SEC reveals that this powerful US bank is looking to market its BTC-linked investment product. We wrote about it here.

It is worth noting, however, that other entities have been trying to create a bitcoin ETF for many years. The SEC had received several other offers before, including from Gemini founders Cameron and Tyler Winklevoss. Unfortunately, the brothers did not manage to start with the fund.

And BNY Mellon, America’s oldest bank, is also working on a secure platform to transfer, store and spend digital assets.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

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