Institutions Treat Bitcoin as Store of Value, Surge in BTC/Gold Ratio
Institutional investors are increasingly treating Bitcoin as a store of value and hedge against fiat-currency debasement, rather than just a high-risk technology investment.
According to Bitwise's research, none of the 15 institutions they interviewed cut their crypto exposure during the 2025-26 drawdown, with some even increasing their positions. The institutions stated that they would only sell their Bitcoin if their investment thesis failed, there was a regulatory reversal, or an industry-wide credibility crisis.
The BTC/gold ratio has also broken out, surging by approximately 37% from its August low to September 30. This suggests that Bitcoin is gaining ground against gold in institutional portfolios, with one sovereign wealth fund even funding their crypto allocation by selling foreign-exchange and gold reserves.