During an interview on CNBC’s Squawk Box, D’Agostino highlighted how these traditionally conservative capital allocators are approaching Bitcoin amid evolving global monetary conditions.
According to Coinbase’s head of institutional strategy, John D’Agostino, this trend reflects strategic portfolio shifts influenced by global macroeconomic signals.
D’Agostino pointed to a sharp reassessment of reserve asset strategies following President Trump’s April 2 tariff announcement. As concerns over long-term dollar dominance grew, institutions began reallocating capital into Bitcoin—favoring it over gold or traditional fiat holdings.
Institutional players now view Bitcoin less as a volatile tech stock and more as a dual-purpose asset—blending growth potential with inflation protection. This evolving narrative, D’Agostino said, is helping Bitcoin secure a long-term position in conservative portfolios once considered unlikely to touch crypto.
COINBASE JUST SAID SOVEREIGNS ARE BUYING #BITCOIN 👀
HERE WE GO!!! 🚀 pic.twitter.com/bMJ4IQp4Oc
— Vivek⚡️ (@Vivek4real_) April 23, 2025
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/bitcoin-gains-ground-with-global-giants-says-coinbase-strategist/