Key Takeaways
- Luxembourg’s Finance Minister sees Bitcoin as integral to Europe’s competitive financial strategy.
- Luxembourg’s Sovereign Wealth Fund is the first in Europe to allocate 1% of its portfolio to Bitcoin.
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Luxembourg Finance Minister Gilles Roth said Thursday that the country’s Intergenerational Sovereign Wealth Fund (FSIL) allocated 1% of its portfolio exclusively to Bitcoin, despite having the option to invest in other crypto assets.
“While the fund’s investment policy allows for an allocation to any crypto asset, it has chosen to invest only in Bitcoin,” Roth said, speaking at Bitcoin Amsterdam 2025. “And because, as Michael Saylor once said, there is no second best and we’re in it for the long haul.”
The Finance Ministry stated last month that FSIL would allocate 1% of its portfolio to Bitcoin and other crypto via ETFs as part of a strategy to bridge traditional finance with blockchain innovation. FSIL is the first in Europe to invest in Bitcoin.
Roth also positioned crypto, particularly Bitcoin, as part of Europe’s competitive strategy, adding that digital assets are now central to global policy discussions. He believes Bitcoin can help make Europe more competitive, calling it a system that “never shuts down.”
“I believe that crypto and in particular, Bitcoin, are part of the solution,” Roth said. “Make no mistake, even among political leaders in Europe, more and more study Bitcoin.”
According to him, Luxembourg manages over 7.6 trillion euros in cross-border investment assets, with one-third in alternative funds, making it the second-largest alternative funds hub after the US. The country hosts over 115 banks from more than 20 countries.
Roth outlined Luxembourg’s decade-long engagement with digital assets, noting that the country regulated Bitstamp, the first European crypto exchange.
He said that the country is home to crypto exchanges, custodians, and service providers. Coinbase established its EU crypto hub in Luxembourg this summer under the Markets in Crypto-Assets (MiCA) regulation.
“This was never about hype. It was about a bridge between code and capital,” Roth said.
“In my mind, our economies will not switch to the Bitcoin standard,” Roth said. “But at the same time, Bitcoin will without any doubt be part of the future of finance.”
