{"id":78631,"date":"2026-09-25T02:58:11","date_gmt":"2026-09-25T02:58:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/institutions-see-bitcoin-like-gold-but-invest-in-it-like-tech-bitwise\/"},"modified":"2026-09-25T02:58:11","modified_gmt":"2026-09-25T02:58:11","slug":"institutions-see-bitcoin-like-gold-but-invest-in-it-like-tech-bitwise","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/institutions-see-bitcoin-like-gold-but-invest-in-it-like-tech-bitwise\/","title":{"rendered":"Institutions See Bitcoin Like Gold but Invest in It Like Tech: Bitwise"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitwise found that institutions view bitcoin as both digital gold and a technology investment.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Most surveyed institutions that own crypto also hold bitcoin as a standalone position.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">None of the institutions cited bitcoin\u2019s price as a reason to exit their crypto positions.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The survey included endowments, foundations, public pension funds, sovereign wealth funds, multi-family offices, investment consultants and public <a href=\"https:\/\/s3.us-east-1.amazonaws.com\/static.bitwiseinvestments.com\/Research\/Bitwise-Institutional-Crypto-Adoption-2026.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">companies managing from hundreds of millions to tens of billions of dollars<\/a> in assets.<\/p>\n<p>The interviews, conducted between late March and April 2026, when BTC was trading around $75,000, revealed that \u201cmost\u201d respondents who own crypto assets frame bitcoin as \u201ca store of value with asymmetric upside, often paired with gold as a fiat debasement hedge.\u201d The report did not specify how many respondents \u201cmost\u201d represents or how frequently they \u201coften\u201d pair <a href=\"https:\/\/news.bitcoin.com\/opinion-and-analysis\/cathie-wood-sees-bitcoin-price-breakthrough-as-gold-link-strengthens\/\">bitcoin with gold<\/a>.<\/p>\n<h2>Bitcoin Is a \u2018Central Part of the Equation\u2019<\/h2>\n<p>\u201cFor most institutions we interviewed, bitcoin and gold now travel together. Especially for those concerned about fiat debasement, bitcoin is a central part of the equation,\u201d the report, co-authored by Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen said.<\/p>\n<p>Moreover, one unidentified institution said it keeps bitcoin in its portfolio\u2019s \u201cgold bucket.\u201d However, other findings in the research show that crypto assets are mostly held in venture, innovation, and technology investment buckets.<\/p>\n<p>One foundation, an outlier whose crypto asset position has at times exceeded 10%, said that it treats \u201ccrypto as a growth and disruption bet.\u201d A pension fund positioned \u201ccrypto as part of a broader innovation allocation including AI, life sciences, space, and other innovative tech,\u201d while a sovereign wealth fund described its crypto asset allocation, in Bitwise\u2019s words, as a multi-year bet on achieving global recognition rather than near-term return.<\/p>\n<p>\u201cOne foundation rejected the \u2018digital gold\u2019 framing entirely, categorizing all crypto as disruptive technology rather than a store of value,\u201d the report noted. Meanwhile, the correlation between <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-gold-correlation-six-year-high-bitwise-hougan\/\">BTC and gold<\/a> has been volatile this year, per Coinglass data.<\/p>\n<figure id=\"attachment_850186\" aria-describedby=\"caption-attachment-850186\" style=\"width:1398px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/09\/screenshot-2026-09-24-at-14-01-13-bitcoin-vs-gold-correlation-bitcoin-price-and-gold-price-relationship-insights-coinglass.png?X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIARQKIT2TMMMMRJCO5%2F20260924%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260924T110154Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=600&amp;X-Amz-Signature=684d15249177b3b36b97ea4b2e2cf82117fd40d96006575fa7f33e0404d0ae2e\"><\/a><figcaption id=\"caption-attachment-850186\" class=\"wp-caption-text\">Bitcoin Price and Gold Correlation in 2026. Source: Coinglass<\/figcaption><\/figure>\n<h2>Both Digital Gold and \u2018Venture-Style Bet\u2019<\/h2>\n<p>An endowment\u2019s responses also highlighted the mixed view on bitcoin. It calls BTC an \u201cemerging-to-established store-of-value\u201d play and \u201ca venture-style bet\u201d at the same time.<\/p>\n<p>Therefore, the report largely reflects bitcoin\u2019s still-fluid identity as both a multipurpose asset and a multipurpose technology, with constantly changing narratives. In either case, this evolving view of bitcoin, along with its longer-term price performance, has helped it become \u201cthe universal conviction asset,\u201d while ether and solana have not yet attained similar status among surveyed institutions.<\/p>\n<p>\u201cEvery institution we interviewed that owns crypto owns bitcoin,\u201d the report said, adding that \u201cmost\u201d own BTC as a standalone position. Among the surveyed institutions, crypto asset allocations range from 0.5% to 13% of investable assets, with most between 1% and 2%.<\/p>\n<h2>The Barrier of Committees<\/h2>\n<p>These mixed messages might also reflect how institutions make decisions about bitcoin and crypto allocations.<\/p>\n<p>\u201cWhere one person can decide, crypto gets allocated. Where a committee must agree, it often stalls,\u201d Bitwise wrote. That might also affect how these assets are positioned in portfolios.<\/p>\n<p>Despite these mixed messages, bitcoin and the broader crypto asset sector are moving deeper into the portfolios of even the most conservative institutions.<\/p>\n<p>As reported by Bitcoin.com News in March 2026, the central bank of Kazakhstan even announced plans to use gold and foreign exchange reserves to <a href=\"https:\/\/news.bitcoin.com\/kazakhstan-announces-investment-of-up-to-350-million-in-crypto-reserve\/\">invest up to $350 million in a portfolio of crypto asset proxies<\/a> for diversification purposes.<\/p>\n<h2>Bitcoin Price and Other Criteria for Exit<\/h2>\n<p>Another finding in the report is that interviewed institutions did not reduce their crypto asset allocations during the broader market sell-off between October 2025 and April 2026, while several bought more. However, as also reported, multiple large institutional investors cut their bitcoin exposure during that time, including Harvard University. Some investors, such as banks, governments, private equity firms, family offices and insurers, <a href=\"https:\/\/coinshares.com\/corp\/insights\/research-data\/bitcoin-13f-q1-2026-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">increased their allocations<\/a>, according to CoinShares data.<\/p>\n<p>In either case, when asked by Bitwise what would prompt them to exit, none of the institutions named price. Bitcoin-only holders said they would reconsider their positioning if ether or solana showed clear value accrual. Investors would consider exiting ETH and SOL positions if these tokens failed to show real utility. Sovereigns also named a regulatory reversal or an industry-wide credibility crisis as reasons to exit.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/institutions-see-bitcoin-gold-invest-like-tech-bitwise\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitwise found that institutions view bitcoin as both digital gold and a technology investment. Most surveyed institutions that own crypto also hold bitcoin as a standalone position. None of the institutions cited bitcoin\u2019s price as a reason to exit their crypto positions. The survey included endowments, [&hellip;]<\/p>\n","protected":false},"author":3947362405,"featured_media":78632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78631"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362405"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78631"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78632"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}