Convincing the world's sovereign wealth funds about the advantages of investing in bitcoin still poses challenges, according to an analyst.

In early March, rumors spread that Qatar's sovereign wealth fund, the Qatari Investment Authority (QIA), might potentially invest in the bitcoin market. This speculation arose when it was reported that one of the Emir of Qatar’s private jets landed on the island of Madeira for the Bitcoin Atlantis conference.

"Max is saying Qatar may have added bitcoin to their balance sheet. If true all we can say is thank you Max Keiser," U.S. financier Anthony Scaramucci posted on X.com.

Could sovereign wealth funds invest in bitcoin?

However, Fadi Aboualfa, head of research at Copper, questioned the likelihood of any sovereign wealth fund choosing bitcoin over …