Sovereign funds invest in BTC while retail investors withdraw, according to a Coinbase executive
John D'Agostino, head of strategy at Coinbase Institutional, compared BTC to gold and stated that many view it as a hedge against inflation.
Sovereign funds invest in BTC while retail investors withdraw, according to a Coinbase executive
News
Sovereign wealth funds and other institutions were accumulating Bitcoin
BTC
€81,798
during April 2025, while retail traders were exiting the market through exchange-traded funds (ETFs) and spot markets, according to John D’Agostino, head of strategy at Coinbase Institutional.
During a recent appearance on CNBC, the Coinbase executive compared Bitcoin to gold and mentioned that many institutional buyers acquired BTC as a hedge against monetary inflation and macroeconomic uncertainty. The Coinbase executive stated:
"Bitcoin is trading according to its main characteristics, which again are similar to gold. You have scarcity, immutability, and portability of non-sovereign assets. So it is trading in the way that people who believe in Bitcoin would like it to trade."
John D'Agostino, head of strategy at Coinbase Institutional, compared BTC to gold and stated that many view it as a hedge against inflation.
Sovereign funds invest in BTC while retail investors withdraw, according to a Coinbase executive
News
Sovereign wealth funds and other institutions were accumulating Bitcoin
BTC
€81,798
during April 2025, while retail traders were exiting the market through exchange-traded funds (ETFs) and spot markets, according to John D’Agostino, head of strategy at Coinbase Institutional.
During a recent appearance on CNBC, the Coinbase executive compared Bitcoin to gold and mentioned that many institutional buyers acquired BTC as a hedge against monetary inflation and macroeconomic uncertainty. The Coinbase executive stated:
"Bitcoin is trading according to its main characteristics, which again are similar to gold. You have scarcity, immutability, and portability of non-sovereign assets. So it is trading in the way that people who believe in Bitcoin would like it to trade."