🚨 Institutions held strong while crypto was cut in half.
A new Bitwise report surveyed 15 major institutions, including pension funds, endowments and sovereign wealth funds. Not one reduced its crypto allocation during the October–April sell-off, while several bought the dip.
Every institution holding crypto owned $BTC . For most, Bitcoin was their first, largest and longest-held crypto investment.
They see Bitcoin as a long-term hedge against currency debasement, similar to gold. Price volatility alone isn’t enough to make them sell.
For these institutions, Bitcoin is becoming a long-term holding, not a short-term trade.
#BTC Price Analysis# #Macro Insights#
A new Bitwise report surveyed 15 major institutions, including pension funds, endowments and sovereign wealth funds. Not one reduced its crypto allocation during the October–April sell-off, while several bought the dip.
Every institution holding crypto owned $BTC . For most, Bitcoin was their first, largest and longest-held crypto investment.
They see Bitcoin as a long-term hedge against currency debasement, similar to gold. Price volatility alone isn’t enough to make them sell.
For these institutions, Bitcoin is becoming a long-term holding, not a short-term trade.
#BTC Price Analysis# #Macro Insights#
