Let me quote from the article:


And this is the company:

https://www.temasek.com.sg/en/index

And it is own by the Government of Singapore, and we all know that Singapore is one of the most crypto friendly countries. Interesting to see how much they are willing to invest on bitcoin though, it said they manage a net portfolio of $306 billion, that's huge, but I speculate that they could be just testing some grounds on bitcoin and could be investing in millions initially.

I did a bit of digging, and unfortunately the amount of money they allocated to bitcoin seems to still be unknown.

One thing's for sure, they seem to have been interested in the cryptocurrency industry as a whole: https://asia.nikkei.com/Spotlight/Cryptocurrencies/Singapore-s-Temasek-joins-Facebook-backed-Libra-currency

Bitcoin has effectively upended the financial world. Developments are interesting. It's surreal. Who would have thought a creation by someone who is unknown and which is heavily branded and criticized by the conventional world would grow so attractive and precious that even the governments themselves would buy it? Such irony! A perfect example for if you can't beat 'em, join 'em.

Sooner rather than later, we'll all be grateful for the governments for being financially incompetent, indiscriminate in printing money, and finally in buying Bitcoin they'll push the price to the heavens.

It's a crypto friendly country, I will the thrilled if countries that bought massive amount of bitcoins are India,  China, North Korea, Iran and other countries which Governments are military fanatics, better they invest money in bitcoin than studying weapons that kills people.

Bitcoin is for everyone. They are highly welcome to the Bitcoin world. Bitcoin and Blockchain technology is disrupting the whole sectors of the world economy right now with its amazing use cases (decentralization, immutability, fast, lesser transaction cost etc.).

I'm not really sure about those countries though, but what we know is that people from those nations are buying bitcoin as a "hedge against bad governance". North Koreans could have bitcoins in their pockets, but not through investing but through hacking exchanges such as South Korea, with their Lazarus Group. Singapore is a different story, their government are friendlies that's why they decided to throw themselves into crypto.

that would be good news, maybe after this there will be governments that buy bitcoin again, little by little the government can finally receive crypto assets, hopefully after this the governments of countries like India and China will immediately allow their citizens to own and transact bitcoin, so that currency  Crypto is better known in the community and can be used for everyday life, and so that people can have a better life after getting to know the crypto world and investing in it.

The article has been posted on the 25th and a day after it, it pumped. Maybe it is one of the reasons?? Maybe not.

Either way, the fact that Bitcoin is decentralized therefore it can be used by anybody is enough reason to say that the Governments aren't an exception with this and they can buy it anytime they want. Its just good that some of the governments are fully supporting it and I hope that there will be more governments that will support and buy it.

With this article, we may see anti - Bitcoin governments change minds? Or not . Lets see if this will create a domino effect too like in the institutions.

when the Singapore government has started to open wide space for bitcoin to enter the government environment, that way the public will have full support. and this good news is given appreciation for the government which is very excited to have large amounts of bitcoin. We are still waiting for the funds they will invest in bitcoin. because after all the government will not buy it in small quantities. the company has fulfilled the requirements when the government there gives authority over bitcoin ownership.