Not one big institution sold Bitcoin during the crash.
Bitwise asked fifteen senior investors at endowments, pensions, sovereign wealth funds and family offices what they did during an eleven-month bear market that cut Bitcoin in half. None of them cut their allocation. Several bought more. All fifteen held Bitcoin, most of them at 1% to 2% of assets.
Scott Melker also picks apart the inflation print everyone cheered. The Bureau of Economic Analysis changed how it measures software, portfolio management fees and legal services, and economists reckon that alone put core inflation 0.2 points lower. He closes on why AI agents will end up spending money on blockchain rails.
Timestamps
0:00 The inflation numbers, and why Scott doesn’t buy them
2:51 They changed how inflation is measured
4:19 Bitcoin is not correlated to any of this
5:44 Fifteen institutions, and not one seller
6:54 Retail was puking while the big money added
7:37 What the allocations actually look like
8:56 Robinhood adds leverage, perps and agents
11:00 Congress digs into prediction market insiders
12:00 When your AI agent needs to spend money
#Bitcoin #Bitwise #InstitutionalInvesting #Inflation #PCE #Robinhood #YahooFinance
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