According to the report by Fidelity Digital Assets, a subsidiary of Fidelity Investments, more sovereign nation-states (perhaps central banks) may acquire bitcoin in 2022.

According to the report, last year’s major moves by world governments regarding digital assets, from China banning cryptocurrencies to El Salvador making a BTC legal tender, couldn’t be more opposed. While stating that now it is difficult to be certain which direction is more successful, the authors said that an outright ban will be difficult to achieve at best, and will lead to substantial wealth loss, if successful.

The authors believe that if bitcoin adoption grows, the countries that secure some bitcoin today will be better off in the future, and therefore, even if the countries that don’t believe in the adoption of bitcoin, will be forced to acquire some as a form of insurance.