Sovereign Funds Buy Bitcoin: Coinbase’s D’Agostino Reveals Shifting Institutional Strategy

Institutional investors are increasingly shifting towards Bitcoin amid concerns about the dollar’s stability and a potential global trade slowdown. John D’Agostino, Head of Strategy at Coinbase Institutional, highlights this trend on CNBC’s Squawk Box. According to D’Agostino, long-term capital allocators view Bitcoin as a strategic alternative to traditional reserve assets. Despite continued ETF outflows, institutional direct Bitcoin purchases have bolstered prices by 13% in the past month.