Sovereign wealth funds and institutions are increasingly accumulating Bitcoin (BTC) as retail traders exit the markets through exchange-traded funds (ETFs) and spot markets. John D’Agostino, head of strategy at Coinbase Institutional, compared Bitcoin to gold, describing it as a hedge against inflation and macroeconomic uncertainty. He noted that Bitcoin possesses characteristics similar to gold, including scarcity and portability. Governments and financial institutions are adopting Bitcoin to maintain purchasing power and safeguard treasuries against depreciating fiat currencies. Notably, countries like El Salvador and Bhutan are holding Bitcoin in their reserves, while businesses such as MicroStrategy have transformed into Bitcoin holding firms. Bitcoin has recently surged past $90,000, highlighting its significant rise as one of the world's top assets, further marking its evolution since 2009. This trend underscores the growing institutional interest in Bitcoin as a strategic asset amid economic fluctuations.

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