PANews November 14 news, according to Cryptobriefing, Luxembourg's Finance Minister Gilles Roth stated on Thursday that although the country's intergenerational sovereign wealth fund (FSIL) has the right to invest in other encryption assets, it has decided to allocate 1% of its portfolio specifically to Bitcoin. At the 2025 Amsterdam Bitcoin Conference, he said that the fund chose to invest only in Bitcoin, pursuing long-term development. Last month, the Luxembourg Ministry of Finance stated that FSIL is the first sovereign wealth fund in Europe to invest in Bitcoin and will allocate 1% to Bitcoin and other encryption assets through an ETF.
Roth emphasized that cryptocurrencies, especially Bitcoin, are part of Europe's competitive strategy, and digital assets have become central to global policy discussions. He believes Bitcoin can enhance Europe's competitiveness and is a “never-ending” system, with more and more European political leaders beginning to study it. He also pointed out that encrypted assets are not a hype, but a bridge between code and capital. While the economy may not shift to a Bitcoin standard, it will become part of the future of finance.
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The Luxembourg Minister of Finance stated that the country's national fund will only allocate assets to Bitcoin.
PANews November 14 news, according to Cryptobriefing, Luxembourg's Finance Minister Gilles Roth stated on Thursday that although the country's intergenerational sovereign wealth fund (FSIL) has the right to invest in other encryption assets, it has decided to allocate 1% of its portfolio specifically to Bitcoin. At the 2025 Amsterdam Bitcoin Conference, he said that the fund chose to invest only in Bitcoin, pursuing long-term development. Last month, the Luxembourg Ministry of Finance stated that FSIL is the first sovereign wealth fund in Europe to invest in Bitcoin and will allocate 1% to Bitcoin and other encryption assets through an ETF. Roth emphasized that cryptocurrencies, especially Bitcoin, are part of Europe's competitive strategy, and digital assets have become central to global policy discussions. He believes Bitcoin can enhance Europe's competitiveness and is a “never-ending” system, with more and more European political leaders beginning to study it. He also pointed out that encrypted assets are not a hype, but a bridge between code and capital. While the economy may not shift to a Bitcoin standard, it will become part of the future of finance.