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Institutional investors, including sovereign wealth funds, are increasingly turning to Bitcoin as a hedge against inflation and macroeconomic instability, according to Coinbase’s John D’Agostino. The Coinbase executive likened BTC to gold, citing its scarcity and non-sovereign portability. Meanwhile, retail traders are exiting via ETFs and spot markets.
- Coinbase's John D’Agostino compares Bitcoin to gold, emphasizing its scarcity and role as an inflation hedge.
- Sovereign wealth funds and institutions are accumulating BTC, while retail traders exit via ETFs and spot markets.
- Bitcoin's market cap now ranks above Google and Amazon, reflecting its rapid growth since 2009.
📎 Related coverage from: cointelegraph.com