Bitwise's head of research says sovereign wealth funds are selling gold for bitcoin, and no institutions sold during the recent price drop.
According to Bitwise head of research Ryan Rasmussen, none of the 15 large institutions the firm surveyed sold their bitcoin when the price fell from $125,000 to $60,000; many actually added to their positions. Rasmussen was discussing the company's inaugural institutional crypto adoption report, which looks at allocations by pensions, endowments, foundations and sovereign wealth funds and explains why those entities treat both bitcoin and gold as hedges against currency debasement.
Chapter topics:
The views expressed in this program are those of the participants only and do not necessarily represent the official policy of BTC Inc., Bitcoin Magazine, or any related entities. This content is for informational and educational purposes only and should not be taken as investment, legal, tax, or accounting advice. Nothing in this program constitutes a solicitation, recommendation, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial decisions.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Misha Komarov from alloc/init discussed Shielded Bitcoin, a research concept using zero-knowledge proofs to hide transaction details, requiring no soft fork.
HSBC named its Hong Kong dollar stablecoin RedCoin, set to launch in H2 2026 via PayMe and HSBC HK app, but key details are missing.
MicroStrategy's Michael Saylor supports competitor Strive, saying its Bitcoin purchases benefit the broader sector. The firms also share financial ties.
An error at Gate charged a stock dividend to the wrong contract, wiping out shorts and leaving one account $1.5M in the red. Gate says it will cover losses.