Sovereign bitcoin. Bitcoin has been attracting more and more institutional investors for some time. Especially sovereign funds who see it Protection against inflation and current macroeconomic uncertainties. Analysis shared by the head of the strategy in the Coinbase Institutional, John d’Agostino. With the accumulation of BTC inversely proportional to the leakage of private investors that revive its digital gold status.
- Bitcoin attracts sovereign funds that consider them protection against inflation and macroeconomic uncertainty.
- According to the head of the strategy in the Coinbase Institutional, Bitcoin is always perceived as a value of refuge such as gold.
Bitcoin: The value of the refuge for institutions
The current financial crisis again states Bitcoin in the center of the equation. Because its massive acceptance of traditional finances insists on its reserve character. That it is strategic For the government or monetary Face in the face of loss of the speed of USD of the dollar.
The situation recently analyzed by the head of the Coinbase Institutional, John D’Agostino, on the CNBC microphone. With the capacity of bitcoin as a leitmotif to be perceived as Refuge institutional investors.
A situation that, according to this specialist, allows you to return again A digital gold character often associated with BTC. All the more since his recent accession 5. The place of the most capitized assets in the world.
“Bitcoin is negotiating about its basic characteristics, which are again similar to gold. You have rarity, non -changeability and portability of non -ereive assets. It is a question of negotiations with how people who believe in bitcoins would like to negotiate it.” »» »» »
John d’agostino
Sovereign funds rely on BTC
This perception shares Many governments and financial institutions. Indeed, these structures are increasingly accepting bitcoins to protect their reserves in front macroeconomic shocks and geopolitical tension. Lands like Salvador and Bhutan even accepted National BTC reserves.
These sovereign funds administer State Financial Reserves. And Bitcoin has obviously become a means of DIVE In order to protect against erosion of the values of trust currencies.
Trend also observed in a private business sector. This by Michael Sayl, the founder of the strategy, popularized the concept Bitcoin cash flowNow accepted by a growing list of companies.
While individuals withdraw from the market, sovereign funds and institutions continue to accumulate bitcoins. Obvious way to strengthen the status of refuge value. Because according to John d’Agostin “there is a very short list of assets that reflect the properties of gold, and bitcoins are one of them”. Dynamics that could well support its growth in the coming years, even – or in particular – if economic and political uncertainties persist.