Even when Bitcoin dropped from $125,000 down to $60,000, zero out of the 15 large institutions interviewed by Bitwise unloaded their holdings, with a significant number actually acquiring additional amounts. Ryan Rasmussen, head of research at Bitwise, analyzes the company’s inaugural institutional crypto adoption study, which examines pension plans, endowments, foundations, and sovereign wealth funds, explaining their rationale for viewing Bitcoin similarly to gold as a protection against currency devaluation.
Chapters:
0:00 Ryan Rasmussen on Bitwise’s Institutional Crypto Adoption Report
0:49 Why No Institutions Sold Bitcoin During the Bear Market
1:45 Wells Fargo’s 2–3% Bitcoin Allocation and the Debasement Thesis
3:45 Fidelity, BlackRock, and 2–8% Bitcoin Allocations
4:50 How ETFs Made This Bitcoin Bear Market Shallower
6:24 $2.5B in Weekly ETF Inflows and a New Wave of Capital
7:06 Why Bitwise Believes the Bitcoin Bottom Was $60K
9:36 Why Institutions Hold Both Bitcoin and Gold
11:37 Sovereign Wealth Funds Selling Gold to Buy Bitcoin
15:17 Why Bitcoin Isn’t Correlated to Bonds, Gold, or Stocks
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Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.
Originally published at https://bitcoinmagazine.com/videos/bitwise-head-of-research-sovereigns-selling-gold-for-bitcoin-ryan-rasmussen.
