Bitcoin News Today: "Institutions See Bitcoin as the New Gold Amid Market Downturn"
- Institutional investors like Abu Dhabi’s ADIC and KindlyMD are buying Bitcoin amid its 29% price drop, viewing it as a long-term store of value akin to gold . - ADIC tripled its stake in BlackRock’s IBIT to $518M, while KindlyMD raised $540M to hold 5,398 Bitcoin at $118K average cost, signaling strategic crypto bets. - Despite $3.1B ETF outflows and regulatory risks, Harvard and El Salvador added to Bitcoin holdings, with analysts forecasting potential 2026 recovery if macroeconomic stability returns.
Bitcoin Dip Attracts Institutional Investors as Bitwise CIO Predicts Market Bottom
The sharp decline in Bitcoin prices has prompted significant institutional purchases, with key players such as Abu Dhabi’s sovereign wealth funds and companies like KindlyMD increasing their exposure to crypto assets during the downturn. The Abu Dhabi Investment Council (ADIC), part of Mubadala Investment Co., expanded its holdings in BlackRock’s
The recent correction pushed Bitcoin’s value below $90,000—
Institutional buying isn’t limited to sovereign funds.
The ongoing bear market has fueled discussions about regulatory threats and broader economic challenges.
Nonetheless, some analysts see potential in the current downturn.
Technical analysis points to a possible recovery.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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