Bitcoin Gains Ground as Sovereign Wealth Funds Embrace Crypto for Hedge

Institutional investors are driving Bitcoin’s rise, with sovereign wealth funds increasing holdings amid a dip in retail activity. Coinbase reports that these high-net-worth institutions saw increased interest in Bitcoin as a hedge against inflation. According to John D’Agostino, head of Strategy at Coinbase Institutional, institutional buyers are purchasing Bitcoin, while retail trading on platforms like Coinbase and Binance has decreased.