“There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers,” the firm explained.
Earlier this month, Fidelity Digital Assets, a division of Fidelity Investments, released research on cryptocurrency developments and their possible future implications. The adoption of cryptocurrencies by sovereign nations is one of the topics covered in the report.
Last week, El Salvador’s president, Nayib Bukele, projected that two more sovereign countries will embrace bitcoin as legal cash this year. Nigel Green, the CEO of Devere Group, is more positive. Three more nations are expected to embrace BTC as legal tender this year, according to him.
