Sovereign wealth funds piling into BTC as retail exits — Coinbase exec
Sovereign wealth funds and institutions accumulated Bitcoin (BTC) in April 2025, while retail traders exited via ETFs and spot markets. Bitcoin is viewed as a hedge against currency inflation and macroeconomic uncertainty, with characteristics similar to gold, including scarcity and non-sovereign asset portability. Governments and financial institutions are increasingly adopting Bitcoin to protect purchasing power amid economic shocks and geopolitical tensions. Countries like El Salvador and Bhutan have established national Bitcoin reserves, while municipalities propose pro-Bitcoin legislation. Michael Saylor's company, Strategy, has popularized corporate Bitcoin treasury strategies, with over 13,000 institutions and 55 million beneficiaries linked to it. Bitcoin's market capitalization recently surpassed Google, ranking it among the top five global assets, above Amazon and Silver.
