John D'Agostino, Head of Institutional Strategy at Coinbase, stated that in April 2025, sovereign wealth funds and other institutions are buying large amounts of BTC, while retail investors are exiting the market through ETFs and spot trading. John D'Agostino compared Bitcoin to gold in an interview and stated that many institutional buyers buy BTC to hedge against currency inflation and macroeconomic uncertainty. The trading trend of BTC is reflecting its core characteristics, which are very similar to gold. It has scarcity, immutability, and portability as a non sovereign asset. （Cointelegraph） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41396