Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen
By Patrick Green
AI summary of the source article
According to Bitwise's institutional crypto adoption report, none of the 15 major institutions the firm interviewed sold Bitcoin when its price fell from $125,000 to $60,000, with many buying more. Head of research Ryan Rasmussen discussed how pensions, endowments, and sovereign wealth funds are holding Bitcoin alongside gold as a hedge against debasement. The video summary also references sovereign wealth funds selling gold to acquire Bitcoin.