Bitcoin outperforms gold and stocks in global turmoil as ETFs and Strategy accumulate

Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience during this latest bout of global turmoil. What to know : Bitcoin rose about 7% last week, outperforming gold and equities during geopolitical volatility, Bernstein said. The broker attributed the resilience to a shift in ownership toward institutional investors via spot ETFs and Michael Saylor’s Strategy. Long-term holders and institutional capital are strengthening bitcoin’s capital base even as retail investors sell, the report said.