Sovereign wealth funds piling into BTC as retail exits — Coinbase exec

Sovereign wealth funds piling into BTC as retail exits — Coinbase exec

Sovereign wealth funds piling into BTC as retail exits — Coinbase exec

Sovereign wealth funds and other institutions were accumulating Bitcoin (

Related: Bitcoin holders back in profit as new capital enters the market — Is $100K BTC price next?

Institutions adopting Bitcoin reserve strategies to combat inflation

Sovereign countries like El Salvador and Bhutan have adopted national Bitcoin reserves and actively purchase Bitcoin for their reserves.

Municipalities and state governments have also adopted pro-Bitcoin policies and proposed legislation to accumulate Bitcoin to protect the purchasing power of treasuries from depreciating fiat currencies.

Michael Saylor and Strategy, formerly known as MicroStrategy, popularized the corporate Bitcoin treasury concept now adopted by a growing list of companies, including MARA, MetaPlanet, and Semler Scientific.

The executive also transformed the business software and intelligence company into a Bitcoin holding firm, akin to a BTC hedge fund.

On April 20, Saylor announced that over 13,000 institutions have direct exposure to Strategy, while an estimated 55 million beneficiaries have indirect financial exposure to the company.

Bitcoin recently surpassed Google in market capitalization, making Bitcoin one of the top five assets in the world, ranking above Amazon and Silver and showcasing the supply-capped digital asset’s meteoric growth since 2009.

Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express

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