Sovereign wealth funds piling into BTC as retail exits — Coinbase exec
According to the retail markets and markets, sovereign funds and other wealth institutions and other institutions accumulated in April 2025, while retail merchants came out of the markets via funds on the stock market (ETF) and cash markets, according to John d’Agostino, head of the Institutional Coinbase Strategy.
During a recent appearance on CNBC, the Coinbase frame compared Bitcoin to gold and said that many institutional buyers had bought BTC as a hedge against currency inflation and macroeconomic uncertainty. The executive of Coinbase said:
“Bitcoin is negotiated on its basic characteristics, which are again similar to gold. You have the rarity, immutability and portability of non -sovereign assets. It is therefore necessary the way people who believe in Bitcoin want it to exchange.”
“When you do the work, there is a very short list of assets that reflect the characteristics of gold. Bitcoin is on this list,” added the executive.
Governments and financial institutions are increasingly adopting Bitcoin to protect the purchasing power and the value of their treasury bills in the face of macroeconomic shocks and geopolitical tensions.
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Institutions adopting Bitcoin reserve strategies to combat inflation
Sovereign countries like El Salvador and Bhutan have adopted the national Bitcoin reserves and actively buy bitcoin for their reserves.
The municipalities and governments of the States have also adopted pro-bitcoin policies and proposed legislation to accumulate bitcoin in order to protect the purchasing power of treasury of the depreciation of fiduciary currencies.
Michael Saylor and the strategy, formerly known as Microstrategy, have popularized the concept of Bitcoin company treasure now adopted by a growing list of companies, including Mara, Metaplanet and Semler Scientific.
The executive has also transformed the commercial software and intelligence company into a Bitcoin detention company, similar to a BTC hedge fund.
On April 20, Saylor announced that more than 13,000 institutions have direct exposure to the strategy, while around 55 million beneficiaries have indirect financial exhibition.
Bitcoin has recently exceeded Google in market capitalization, making Bitcoin one of the top five assets in the world, ranking above Amazon and Silver and highlighting the dazzling growth in supplying supply of supply since 2009.
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