April 24, 2025 – In a surprising twist in market dynamics, institutional giants are quietly accumulating Bitcoin (BTC) while retail investors take a step back, according to John D’Agostino, Head of Strategy at Coinbase Institutional.
During a recent appearance on CNBC, D’Agostino emphasized a growing institutional interest in Bitcoin, likening it to gold due to its core characteristics: scarcity, immutability, and sovereign resistance.
> “Bitcoin is trading on its core characteristics, which again are similar to gold,” said. D’Agostino.
“You've got scarcity, immutability, and non-sovereign asset portability. So it's trading the way people who believe in Bitcoin would like it to trade.”
He further added that when institutions evaluate assets with gold-like properties, Bitcoin consistently makes the shortlist — a major reason behind its increasing adoption.
Governments & Corporates Join the Bitcoin Bandwagon
Countries like El Salvador and Bhutan have already embraced BTC in their national reserves. Additionally, U.S. municipalities and state governments are drafting pro-Bitcoin legislation to hedge against fiat currency devaluation.
Corporate adoption is also on the rise, inspired by Michael Saylor’s pioneering strategy at MicroStrategy (now known simply as Strategy). The firm has transitioned from a software company into a Bitcoin-centric treasury vehicle, holding significant amounts of BTC and influencing thousands of institutional investors.
Saylor recently revealed that over 13,000 institutions now have direct exposure to Strategy, impacting over 55 million beneficiaries globally.
BTC Outpaces Tech Giants
In another milestone, Bitcoin recently overtook Google in market capitalization, climbing into the top five global assets — now ranking higher than Amazon and Silver. This remarkable rise since its inception in 2009 underscores Bitcoin’s potential as a durable, supply-capped store of value.
_ By Rashid Sardar_
