Sovereign Wealth Funds Bought Bitcoin as Retail Pulled Back: Coinbase Exec - WorldNL Magazine
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Sovereign Wealth Funds Bought Bitcoin as Retail Pulled Back: Coinbase Exec - WorldNL Magazine
In brief Institutional investors including sovereign wealth funds drove Bitcoin’s April rally, while retail investors pulled out of ETFs, Coinbase’s John D’Agostino said. Bitcoin rose 13% over the month, climbing from $76,500 to near $96,000 before settling above $92,000. Institutional demand is tied to de-dollarization, inflation hedging, and a shift away from tech-stock correlations, the exec said. Institutional interest in Bitcoin intensified…
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