Institutions Selling Gold For Bitcoin: Big Rally Incoming?
According to Bitwise’s head of research Ryan Rasmussen, sovereign wealth funds may be selling gold to buy Bitcoin (BTC). One major signal is that in a survey of 15 major institutions, none had sold their Bitcoin during its dip from $125,000 to $60,000. This shows substantial confidence, especially among institutions. In fact, the report notes that institutions are selling gold for Bitcoin (BTC), as a hedge against currency debasement. Let’s discuss if Bitcoin (BTC) is in for another major rally. Question: Are sovereign wealth funds selling gold to buy bitcoin? Answer: One sovereign wealth fund @Bitwise spoke with recently funding part of its bitcoin allocation by selling foreign exchange and gold reserves. Dove into this with the @BitcoinMagazine today. https://t.co/wRg1HHcF5n — Ryan Rasmussen (@RasterlyRock) September 29, 2026 Will Bitcoin (BTC) see another Rally As Institutions Sell Gold For More Of The Cryptocurrency? Source: Vancouver Bitcoin Bitcoin (BTC) saw majo...