Multiple sovereign wealth funds have begun asking how to evaluate Bitcoin as an asset class for the first time, driven by discussions surrounding a potential U.S. Bitcoin strategic reserve. Bill Perkins indicated that if the United States successfully implements such a reserve, other sovereign entities may be compelled to follow suit. Perkins revealed he is currently in active discussions with these funds regarding their approach to the cryptocurrency. The inquiries suggest that U.S. government action on Bitcoin could serve as a catalyst for broader sovereign adoption and force international funds to formally assess digital assets within their portfolios.