$BTC
State funds and insurance quietly stockpiling Bitcoin
In April, according to Cryptoslate, Coinbase revealed that major institutional investors, including sovereign wealth funds and leading insurance funds, have ramped up investments in Bitcoin. This is part of a larger portfolio strategy to respond to macroeconomic changes. These traditionally cautious investors have adjusted capital allocation based on three main factors: the trend of de-dollarization, the re-evaluation of Bitcoin against tech stocks, and Bitcoin's inflation-resistant nature as an alternative to gold.
The new tax announcement by the Trump administration on April 2 sparked discussions about the durability of the USD as the primary reserve currency. Although Bitcoin ETF funds showed a retreat for most of April, there was a surprising influx of capital from April 21-22, amounting to $1.3 billion. Coinbase continues to monitor the ongoing net buying from institutions, explaining the 13% price increase of Bitcoin during that month.
Data shows that Bitcoin is decoupling from its previously high correlation with tech stocks. Its fixed supply and unchangeable nature make Bitcoin one of the top five inflation-resistant assets in the models of global macro traders, alongside gold and real estate. While sovereign investors did not disclose specifics, the continued flow of 'long-term' capital suggests that institutions increasingly recognize Bitcoin as a strategic reserve asset.
Source: https://tintucbitcoin.com/quy-nha-nuoc-va-bao-hiem-am-tham-tich-tru-bitcoin/
