BlockBeats News, November 14th, Luxembourg’s Minister of Finance, Gilles Roth, stated that despite Luxembourg’s Sovereign Wealth Fund (FSIL) having the authority to invest in other crypto assets, it has decided to allocate 1% of the portfolio specifically to Bitcoin. The fund’s choice to invest only in Bitcoin is aimed at long-term development. Roth emphasized that cryptocurrency, especially Bitcoin, is part of Europe’s competitive strategy, and digital assets have become a core topic in global policy discussions. He believes that Bitcoin can enhance Europe’s competitiveness, being a “never-ending” system, and more and more European political leaders are beginning to study it. He also pointed out that crypto assets are not a fad but a bridge between code and capital. While the economy will not shift to a Bitcoin standard, it will become part of the future of finance.
Last month, Luxembourg’s Ministry of Finance stated that FSIL is the first sovereign wealth fund in Europe to invest in Bitcoin, allocating 1% to Bitcoin and other crypto assets through ETFs.
