Institutions Treat Bitcoin Like Gold But Invest It Like Tech
A survey of 15 large institutions by Bitwise Asset Management found that major institutional bitcoin investors view BTC like gold but invest in it like tech.
The report, conducted between late March and April 2026 when BTC was trading around $75,000, revealed that 'most' respondents who own crypto assets frame Bitcoin as 'a store of value with asymmetric upside, often paired with gold as a fiat debasement hedge.'
Bitwise Chief Investment Officer Matt Hougan said 'For 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.'
However, other findings in the research show that crypto assets are mostly held in venture, innovation, and technology investment buckets.