Bitcoin was being accumulated by sovereign wealth funds, other institutions and even the government itself.BTCJohn D’Agostino (head of strategy, Coinbase Institutional) said that retail traders would exit the market via ETFs and spot markets in April 2025.
A recent appearance on CNBCCoinbase’s executive has compared Bitcoin to gold. He also said that BTC is a popular investment among institutional buyers. hedge against currency inflation There is macroeconomic instability. Coinbase’s executive stated:
“Bitcoin is trading on its core characteristics, which again are similar to gold. You’ve got scarcity, immutability, and non-sovereign asset portability. So it’s trading the way people who believe in Bitcoin would like it to trade.”
“When you do the work, there’s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that shortlist,” “The executive added”
Bitcoin has become a popular choice for governments and banks to maintain purchasing power as well as the value of their funds in times of crisis. macroeconomic shocks and geopolitical tensions.
Related: Bitcoin holders back in profit as new capital enters the market — Is $100K BTC price next?
Bitcoin Reserve Strategies for Institutions to Combat Inflation
Sovereign countries like El Salvador and Bhutan have adopted national Bitcoin reserves They actively buy Bitcoin to store their reserve.
Local and state governments also have adopted pro-Bitcoin policy and introduced legislation in order to collect Bitcoins to safeguard the purchasing power and financial stability of their treasuries against depreciating fiat currency.
Michael Saylor and Strategy (formerly MicroStrategy), popularized the corporate Bitcoin treasury MARA MetaPlanet Semler Scientific and other companies are adopting this idea.
A BTC hedge-fund like Bitcoin holding company was also created by the executive.
Saylor, on April 20th announced that more than 13,000 institutions had been accredited. direct exposure to StrategyThe company has indirect exposure to 55 million people.
Bitcoins – a recent development surpassed Google in market capitalizationBitcoin, a digital currency with a limited supply, is one of five top assets around the globe, above Amazon, Silver and Gold. Its explosive growth from 2009 to now shows the value and importance of this asset.
Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
