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Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin

Pile of shiny gold and silver cryptocurrency coins on a wooden table.
Illustrative photo.Photo by RDNE Stock project on Pexels

What happened

Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60K. Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen When Bitcoin fell from $125K to $60K, not one of the 15 major institutions Bitwise interviewed sold, and many bought more.

Ryan Rasmussen, head of research at Bitwise, breaks down the firm’s first institutional crypto adoption report, covering pensions, endowments, foundations, and sovereign wealth funds, and why they treat Bitcoin alongside gold as a hedge against debasement. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments.

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