Alessio Quaglini, the co-founder and CEO of institutional custodian Hex Trust, highlighted two key forces driving institutional Bitcoin adoption: devaluation of fiat currencies and intensifying geopolitical tensions. He observed that governments expanding their money supply to finance deficits and conflicts are pushing institutions to find a dependable hedge against inflation. 

Quaglini emphasised that Bitcoin is distinctive because it is borderless and “geopolitically neutral”. Unlike the national fiat currencies, which he said can be wielded as “weapons to control other countries”, Bitcoin is impartial. This neutrality, he argued, makes it an invaluable asset for corporations and nations alike, safeguarding wealth against economic mismanagement and international disputes. 

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