Institutions See Bitcoin Like Gold but Invest in It Like Tech: Bitwise

Crypto Insight Summary: Major institutional bitcoin investors “often” pair bitcoin with gold, but they still largely keep it in a technology bucket alongside other crypto assets, a survey of 15 large institutions by BTC ETF sponsor and manager Bitwise Asset Management showed. The survey included endowments, foundations, public pension funds, sovereign wealth funds, multi-family offices, investment consultants and […] Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Institutional adoption as a store of value is positive but slow-moving.