Expert reports growing demand for Bitcoin among sovereign funds
On April 24, 2025, John D’Agostino, head of strategy at Coinbase Institutional, reported on CNBC’s growing demand for Bitcoin (BTC) among sovereign funds. According to him, in April, despite the decline in the cryptocurrency and stock markets, institutional investors, including sovereign funds, actively accumulated Bitcoin, while retail investors withdrew funds through ETFs and spot markets. This demand pushed the price of BTC to $94,000.
