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Coinbase said that sovereign wealth funds and other institutional investors have led the Bitcoin Rally for this month, even as retail merchants rushed to the exits.
John Dagostino, head of the strategy at the Coinbase Foundation, said, said. Interview with CNBC. “At the same time, the retail market was coming out – through circulating investment funds.”
D’Agostino said that many institutional investors deal with Bitcoin as a hedge against inflation and uncertainty in the macroeconomic, especially because of concerns about the tariff policies of President Donald Trump.
He compared the current Bitcoin role in the governor of gold. He said: “Bitcoin is trading its basic properties, which are once again similar to gold.” “You have scarcity, ease of installation and the ability to escalate assets.”
D’Agostino went on, saying that Bitcoin was “a very short list of origins that reflect the properties of gold.”
Bitinex analysts warn of bitcoin flexibility that may not last
The broader financial market has undergone a sharp correction since the beginning of the year amid a continuous introductory war between the United States and its trading partners. American stocks have been in particular a blow in recent weeks.
During the total economic turmoil, bitcoin proved relatively flexible. While s & p 500 Fell More than 6 % in the past months, BTC has recorded a profit almost the same amount.
CNBC just said #Bitcoin It is clear that it is separate from the Nasdak Stock Exchange
It happens !!!
pic.twitter.com/0tnm0uwjm5
– Vivek
(@Vivek4real_)) April 22, 2025
Despite the last BTC strength, and and Trump BitFinex analysts hints to reduce customs tariffs on China that it may be too early to know whether the last difference from Bitcoin from the broader financial market will continue.
On April 21 Research reportBTFINEX analysts said that the relative power of BTC against American stocks “looks real”, but added that the chapter has not yet been confirmed as a structural.
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