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
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-gains-ground-with-global-giants-says-coinbase-strategist/
