{"id":127822,"date":"2025-04-23T23:16:42","date_gmt":"2025-04-23T23:16:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127822"},"modified":"2025-04-23T23:16:42","modified_gmt":"2025-04-23T23:16:42","slug":"sovereign-wealth-funds-piling-into-btc-as-retail-exits-coinbase-exec","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127822","title":{"rendered":"Sovereign wealth funds piling into BTC as retail exits \u2014 Coinbase exec"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsSovereign wealth funds and other institutions were accumulating Bitcoin (BTC) during April 2025, while retail traders were exiting the markets via exchange-traded funds (ETFs) and spot markets, according to John D\u2019Agostino, the head of strategy at Coinbase Institutional.<br \/>\nDuring a recent appearance on CNBC, the Coinbase executive likened Bitcoin to gold and said that many institutional buyers bought BTC as a hedge against currency inflation and macroeconomic uncertainty. The Coinbase executive said:<br \/>\n&#8220;Bitcoin is trading on its core characteristics, which again are similar to gold. You&#8217;ve got scarcity, immutability, and non-sovereign asset portability. So it&#8217;s trading the way people who believe in Bitcoin would like it to trade.&#8221;<br \/>\n&#8220;When you do the work, there&#8217;s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that shortlist,&#8221; the executive added.<br \/>\nGovernments and financial institutions are increasingly adopting Bitcoin to protect purchasing power and the value of their treasuries in the face of macroeconomic shocks and geopolitical tensions.<br \/>\nBitcoin recently broke back above the $90,000 level and has reclaimed its \u2018decoupling\u2019 narrative. Source: CoinMarketCapRelated: Bitcoin holders back in profit as new capital enters the market \u2014 Is $100K BTC price next?<br \/>\nInstitutions adopting Bitcoin reserve strategies to combat inflation<br \/>\nSovereign countries like El Salvador and Bhutan have adopted national Bitcoin reserves and actively purchase Bitcoin for their reserves.<br \/>\nMunicipalities and state governments have also adopted pro-Bitcoin policies and proposed legislation to accumulate Bitcoin to protect the purchasing power of treasuries from depreciating fiat currencies.<br \/>\nMichael Saylor and Strategy, formerly known as MicroStrategy, popularized the corporate Bitcoin treasury concept now adopted by a growing list of companies, including MARA, MetaPlanet, and Semler Scientific.<br \/>\nThe executive also transformed the business software and intelligence company into a Bitcoin holding firm, akin to a BTC hedge fund.<br \/>\nOn April 20, Saylor announced that over 13,000 institutions have direct exposure to Strategy, while an estimated 55 million beneficiaries have indirect financial exposure to the company.<br \/>\nBitcoin recently surpassed Google in market capitalization, making Bitcoin one of the top five assets in the world, ranking above Amazon and Silver and showcasing the supply-capped digital asset&#8217;s meteoric growth since 2009.<br \/>\nMagazine: Bitcoiner sex trap extortion? BTS firm\u2019s blockchain disaster: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/sovereign-wealth-funds-piling-btc-retail-exits-coinbase-exec?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsSovereign wealth funds and other institutions were accumulating Bitcoin (BTC) during April 2025, while retail traders were exiting the markets via exchange-traded funds (ETFs) and spot markets, according&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127822"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127822"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127822\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127822"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}