Basil Al Askari: Sovereign Wealth Funds are Utilizing Low Bitcoin Prices for Accumulation

According to Cointelegraph, Basil Al Askari, CEO of MidChains, stated that sovereign wealth funds are leveraging the current low price of Bitcoin for accumulation and see it as a great opportunity to enter the market. Al Askari confirmed that at least one sovereign wealth fund has been accumulating Bitcoin, and there may be a second one joining in the coming weeks. Global sovereign wealth funds collectively control over over $13 trillion in assets.