Coinbase Exec: Sovereign Wealth Funds Stockpile Bitcoin for Long-Term Hold

John D’Agostino, Head of Strategy at Coinbase Institutional, spoke about institutional investors’ growing interest in Bitcoin during a recent appearance on CNBC’s ‘Squawk Box’. He discussed the decoupling trend between Bitcoin and the stock market, with positive correlation often observed during market expansion. The CEO emphasized that these are short-term trends that could shift in future periods.