Sovereign Wealth Funds Boost Bitcoin Holdings as Retail Investors Move Out

Investment giants are showing renewed confidence in Bitcoin, with sovereign wealth funds increasing their holdings significantly. The trend is driven by a decline in retail investor activity and increased institutional interest, particularly from Norway’s GPFG which has expanded its Bitcoin investment by 153%. This shift highlights a growing belief in Bitcoin as a hedge against inflation, potentially stabilizing the cryptocurrency market. This surge follows past examples of institutional investments boosting Bitcoin prices. Mubadala Investment Co., based in Abu Dhabi, recently invested $437 million through BlackRock’s iShares Bitcoin Trust, further demonstrating this trend.