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Wu learned that Coinbase’s head of strategy, John D’Agostino, said in a CNBC interview that more than 40 countries have pledged to buy Bitcoin in some form for national balance sheets or other arrangements. He said that every day, a large number of new institutional investors are showing interest in this asset class.
For external markets, investors may still be waiting for a major event or clear catalyst, but from within the industry, Bitcoin adoption is steadily increasing.