Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60K.
- Institutions, including sovereign wealth funds, are increasingly treating Bitcoin as a hedge against currency debasement, similar to gold.
- Despite price drops, major institutions have maintained or increased their Bitcoin holdings, with many viewing the $60K level as a potential bottom.
- The article highlights a trend of sovereign wealth funds potentially selling gold to reallocate capital into Bitcoin, driven by a growing acceptance of digital assets.
Topics: Asset types, Institutional adoption, Market cycles macro sensitivity, Alternative assets, Asset manager initiatives, Bitcoin treasuries
Tags: #bitcoin #gold #institutionaladoption #sovereignwealthfunds #debasementhedge #etfs #assetallocation #ryanrasmussen #bitwise
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