Bitcoin Holds Firm: Institutions Sit Through 50% Crypto Drawdown
15 endowments, pensions, sovereign funds and family offices told Bitwise they held their crypto allocations through the 2025–26 crash, and several added.
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15 endowments, pensions, sovereign funds and family offices told Bitwise they held their crypto allocations through the 2025–26 crash, and several added.
Giselle Lai reframes the institutional pitch: the prize is moving idle cash across fragmented global accounts cheaply, a use case she says will take two decades to fully mature.
The thesis is that pensions bring patient capital and long-dated liabilities, but the actual entry points remain narrow and the operational lift is heavy.
Porvenir's voluntary-pension crypto product lands in a $25 minimum slot, framing Bitcoin as a diversification tool — not a trade — for Latin America's largest pension market.