Coinbase executive: Sovereign Wealth Fund is Buying Bitcoin

西岸风

数字货币大师

04-24 09:54

On April 24, John D'Agostino, head of institutional division strategy at Coinbase, said that in April 2025, sovereign wealth funds and other institutions were accumulating large amounts of Bitcoin (BTC), while retail investors exited the market through ETFs and spot.

In a recent interview, the Coinbase executive compared bitcoin to gold and said many institutional investors bought bitcoin to hedge against currency inflation and macroeconomic uncertainty.

"Bitcoin's transactions are based on its core characteristics, similar to gold, with scarcity, immutability and portability of non-sovereign assets. So it's trading exactly how those who believe in Bitcoin want it to trade."

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