Luxembourg Finance Minister: Sovereign Wealth Fund’s Crypto Asset Selection Limited to Bitcoin Only, Pursuing Long-Term Development

On November 14th, Gilles Roth, Luxembourg's Minister of Finance, declared that although the Luxembourg Sovereign Wealth Fund (FSIL) has the authorization to invest in other crypto assets, it has made a decision to allocate 1% of the portfolio specifically to Bitcoin. The fund's decision to invest only in Bitcoin is intended for long-term development. Roth emphasized that cryptocurrency, particularly Bitcoin, is a part of Europe's competitive strategy, and digital assets have become a core topic in global policy discussions. He believes that Bitcoin can enhance Europe's competitiveness as a "never-ending" system, and an increasing number of European political leaders are starting to study it. He also pointed out that crypto assets are not a passing trend but a bridge between code and capital. While the economy will not transition to a Bitcoin standard, it will become a part of the future of finance. Last month, Luxembourg's Ministry of Finance stated that FSIL is the first sovereign wealth fund in Europe to invest in Bitcoin, allocating 1% to Bitcoin and other crypto assets through ETFs.