Norway’s Oil Billions Eye Bitcoin—Analysts Now Target $200K BTC
Oslo’s sovereign wealth fund—the world’s largest—is flirting with crypto. After hoarding oil profits for decades, Norway might just ape into Bitcoin harder than a degens’ Telegram group.
Market watchers cite three triggers: institutional FOMO, inflation hedging, and that sweet, sweet fiat debasement. One Goldman escapee quipped, ’When petrostates start stacking sats, you know the printer’s jammed.’
Meanwhile, technical analysts are redrawing their charts. The $100K psychological barrier? Old news. The new whisper number: $200K before 2026. Cynics note this conveniently ignores Norway’s glacial decision-making—by the time their parliament approves a 1% allocation, BTC will either be dead or mooned.
This is The Norway: New Crypto Strategies Coming
Norges Bank’s $40 billion stumble — and its accidental brush with Bitcoin — spotlights a bigger shift: sovereign wealth funds are starting to rethink what diversification actually means. That’s mind blowing.
Data suggests that even a cautious 5% Bitcoin allocation in 2018 would have lifted equity returns by 56%, a what-if that’s getting harder to ignore. More recently, Abu Dhabi-based development company Mubadala has increased its exposure to Bitcoin ETFs; meanwhile, the U.S. and China are in a BTC arms race.
“Crypto offers a diversifiable asset class for sovereign wealth,” said a financial analyst. “Whether Norges Bank goes deeper remains to be seen, but global practices suggest they should consider it.”
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Key Takeaways
- Norway posted a brutal $40 billion loss for Q1 2025, hammered by falling U.S. tech stocks.
- Hidden in the wreckage was the Bitcoin exposure. The arms race is on!
