Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen
Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60K. This post Bitwise Head of Research: Sovereigns Selling Go
Source: Bitcoin Magazine
―
DW NOTE
Rasmussen says sovereigns are selling gold for Bitcoin, but gold just fell 21.5% in nine months while the Fed hiked into a Middle East choke point. If that's the debasement hedge trade, the institutions he interviewed bought a 52% drawdown and are calling it portfolio theory.