5 days ago
9
Key Takeaways
- Bitcoin ETF AUM dropped only 15% vs. 50% spot decline.
- Middle East sovereign funds buying Bitcoin at discount.
- Forced liquidations isolated to retail offshore platforms only.
- Seven crypto-related bills currently moving through U.S. Congress.
During his interview with Squawk Box host Joe Kernen, D’Agostino declined to provide a specific price target, stating that he avoids directional price predictions. Instead, he focused on capital allocation trends among large-scale investors.
“I just got off a plane from the Middle East,” D’Agostino stated, “and I can tell you that the family offices in the UAE and the government and sovereign funds that have been putting the effort into buying this asset class are not unhappy at being able to buy it at a discount.”
This behavior indicates that these institutions are executing long-term investment theses rather than rea...
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