Bitcoin Soars Past $95,000 as Institutional Demand Fuels Rally
Bitcoin has surged past $95,000, marking a 12% gain as institutional interest outweighs retail outflows. The rally reflects improving macroeconomic conditions and growing confidence in crypto as a strategic asset class.
Bitcoin Rally Gains Momentum as Institutional Interest Surges
Bitcoin broke through weeks of stagnation with a 12% surge, surpassing $95,000 amid improving macroeconomic conditions and fading tariff concerns. The CoinDesk 20 index mirrored the uptrend, climbing over 10% as institutional players doubled down on crypto exposure.
"This isn’t retail money driving the rally," noted Coinbase Institutional’s John D’Agostino, observing simultaneous ETF outflows from individual investors. Sovereign wealth funds and corporate treasuries are quietly accumulating positions through alternative vehicles.
The institutional infrastructure expanded this week with Twenty One Capital’s launch, a Bitcoin-focused investment firm backed by heavyweights including Tether, Bitfinex, and SoftBank. The move signals growing mainstream acceptance of cryptocurrency as a treasury asset.
From Meme to Millionaire: The Rise of Bitcoin Sign Guy Christian Langalis
Christian Langalis, better known as Bitcoin Sign Guy, turned a viral moment into a crypto success story. The 25-year-old former macro fund analyst gained fame in 2017 when he held a "Buy Bitcoin" sign behind Federal Reserve Chair Janet Yellen during a congressional hearing.
Once dismissed as Wall Street’s "young Bitcoin kid," Langalis’ early conviction in cryptocurrency proved prescient. His meme-worthy protest captured the growing tension between traditional finance and the emerging digital asset class during Bitcoin’s breakout year.
GameStop’s Bitcoin Strategy Faces Internal Divisions as Strive CEO Advocates for Aggressive Purchases
GameStop’s potential Bitcoin treasury strategy remains unsettled as Strive Asset Management urges aggressive accumulation while internal stakeholders debate the scale of adoption. CEO Matt Cole confirms the video game retailer will acquire BTC but acknowledges unresolved questions about allocation size.
The company amended its investment policy last month to permit Bitcoin purchases, mirroring MicroStrategy’s pioneering approach. GameStop fortified its balance sheet with $1.5 billion raised through convertible notes, fueling speculation about imminent crypto acquisitions.
Swiss National Bank Rejects Bitcoin for Reserves Citing Volatility Concerns
The Swiss National Bank has firmly dismissed calls to include Bitcoin in its foreign currency reserves, citing the cryptocurrency’s inherent volatility and lack of liquidity. Chairman Martin Schlegel emphasized the institution’s need for stable, tradable assets during the annual shareholder meeting in Bern.
"Cryptocurrency cannot currently fulfil the requirements for our currency reserves," Schlegel stated, pointing to "very, very high" price fluctuations as a critical barrier. The SNB’s stance comes amid growing pressure from crypto advocates pushing for institutional adoption.
Bitcoin and Gold Rally as Stocks Decline: Is Decoupling the New Norm?
April witnessed a striking divergence in asset performance, with Bitcoin and gold surging while equities faltered. The cryptocurrency breached key resistance levels as bullion soared past $3,400/oz—a historic first—amid growing investor unease.
Market analysts remain divided on whether this represents a permanent decoupling from risk assets. Some proclaim Bitcoin’s ascension to safe-haven status alongside gold, pointing to their exclusive position as major assets in positive territory. This movement contrasts sharply with simultaneous declines in traditional stocks and alternative cryptocurrencies.
