Bitwise Research head says 15 surveyed institutions did not reduce holdings during the BTC decline, with some increasing holdings
BIBIBI
AT A GLANCE
Bitwise The research head said that among the 15 large institutions surveyed, none sold during Bitcoin's decline, while some increased their holdings.
Article
Bitwise Report: 15 large institutions did not sell during Bitcoin's decline and instead increased their holdings
PANews September 30 reported that Bitwise research head Ryan Rasmussen stated in a report on institutional cryptocurrency adoption that, although Bitcoin's price fell from 125000 USD to 60000 USD，Bitwise of the 15 large institutions surveyed sold no Bitcoin, while some increased their holdings. Participants included pension funds, endowments, foundations, and sovereign wealth funds. Rasmussen said these institutions tend to view Bitcoin as a hedge against fiat currency depreciation (similar to gold), rather than as a speculative asset betting on short-term price fluctuations. Some institutions had allocation ratios of approximately 2%–8%, with Wells Fargo's related allocation at approximately 2%–3%; he also mentioned that some sovereign wealth funds are reducing their gold allocations and shifting funds into Bitcoin. The survey covered pension fu...
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🔗https://www.panewslab.com/zh/articles/01a0efb8-183f-7241-9d69-ccd3a3fbd3bc
Key points
01
PANews September 30 reported on Bitwise research head Ryan Rasmussen's report on institutional cryptocurrency adoption.
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Ryan Rasmussen said that during the period when Bitcoin's price fell from 125000 USD to 60000 USD,Bitwise of the 15 large institutions surveyed did not sell Bitcoin, while some instead increased their holdings.
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The article said that participants included pension funds, endowments, foundations, and sovereign wealth funds.
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Rasmussen said that these institutions tend to view Bitcoin as a hedge against fiat currency depreciation, rather than as a speculative asset betting on short-term price fluctuations.
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The article said that some institutions had allocation ratios of approximately 2%–8%, with Wells Fargo's related allocation at approximately 2%–3%。
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Rasmussen also said that some sovereign wealth funds are reducing their gold allocations and shifting funds into Bitcoin.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report relays an institutional survey: the surveyed institutions did not sell when Bitcoin's price declined, and some increased their allocations. According to the report, these institutions place greater importance on Bitcoin's use as a hedge against fiat currency depreciation than on short-term price movements.
Why it matters to readers
If the survey description is accurate, it shows that these 15 surveyed institutions maintained or increased their Bitcoin allocations during the price decline. However, it reflects only the sample described in the article and cannot be used to determine the behavior of other institutions.
Beginners may view this as a limited sample of institutional holding attitudes and should not interpret it directly as meaning that Bitcoin's price will necessarily rise or that all large institutions are increasing their holdings.
Risks and unknowns
The end of the original text is truncated, so the survey's coverage and full conclusions cannot be confirmed.
The available evidence does not include the Bitwise original report, survey methodology, or a list of the 15 institutions.
Apart from Wells Fargo, the article does not specify allocation proportions or the scale of increased holdings by particular institutions.
The article does not identify which sovereign wealth funds reduced their gold allocations and shifted to Bitcoin, nor does it provide specific transaction evidence.
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The relevant claims are based on PANews' paraphrase of Ryan Rasmussen's report and cannot yet be independently verified on the basis of the available evidence.
Related concepts
Fiat currency depreciation
This term is not in the glossary yet. Browse related concepts in the glossary.
