MidChains CEO: Sovereign funds see Bitcoin's discount as a good opportunity to enter

CoinFeed June 30 news, according to Cointelegraph, MidChains CEO Basil Al Askari said that sovereign wealth funds are accumulating spot Bitcoin, indicating that the current price level is attractive to institutional investors. Al Askari confirmed that at least one sovereign wealth fund has been accumulating Bitcoin, and a second may join in the coming weeks. Global sovereign wealth funds control a combined total of over $13 trillion in assets, and Al Askari called the current low price a 'window of opportunity for large funds to enter.'