On the stage of the global financial market, Bitcoin is attracting the world’s attention with a series of major events. Goldman Sachs spent a staggering $1.4 billion to position itself in the Bitcoin market through BlackRock’s iShares BTC Trust Fund (IBIT). This bold move by the Wall Street giant has drawn significant attention from the market. Meanwhile, the Central Bank of Russia, which has always been cautious about crypto assets, listed BTC as a leading financial asset in its official report released in May 2025. The two major events are intertwined, injecting new and strong impetus into the value investment logic of Bitcoin.
Goldman Sachs ‘entry: The Value Choice of Wall Street Giants
Goldman Sachs currently holds 30.8 million shares of IBIT, becoming the largest institutional holder of the fund. The holding size has increased by 28% compared to the beginning of the first quarter of 2025. At the same time, it also holds 3.5 million shares of Fidelity’s Wise Origin BTC ETF (FBTC). As the largest spot BTC ETF at present, IBIT has continuously received net inflows of funds over the past 20 trading days, absorbing a total of 5 billion US dollars, setting a record for the longest consecutive inflow of funds in the spot BTC ETF market in 2025. Goldman Sachs entered the market at a time when the price of Bitcoin soared, breaking through the $100,000 mark and just one step away from its historical high. This not only demonstrates its strong confidence in the future value of Bitcoin but also reflects the positive and favorable investment environment for crypto assets at present.
From a macro policy perspective, the regulatory environment under Trump’s administration has become increasingly lenient, creating conditions for Wall Street institutions to position themselves in the crypto market. On May 5th, the US House of Representatives released a draft discussion on the federal framework for regulating the US Crypto asset industry, aiming to coordinate the regulatory responsibilities of the SEC and the CFTC, clarify the definitions of industry terms, and provide a lasting framework for the digital asset market.
The draft also sets up registration channels for digital commodity exchanges and others, retains protection for DeFi protocols and self-custody, and is expected to eliminate regulatory uncertainties and encourage market development. U.S. Treasury Secretary Scott Bessent proposed that the demand for U.S. government bonds in the digital asset field may surge by 2 trillion U.S. dollars in the future. The integration of stablecoins and the U.S. Treasury bond market is deepening. If the relevant legislation is passed, it will further strengthen the connection between digital assets and traditional financial markets and create a favorable macro environment for Bitcoin investment.
At the local policy level, New Hampshire took the lead in enacting the first state-level strategic BTC reserve law in the United States, authorizing the state’s Treasury secretary to hold BTC, setting an example for the entire country. Arizona, North Carolina, Texas and other states are also actively promoting relevant legislation. The exploration of these state-level policies has further broadened the application scenarios and market recognition of Bitcoin, and together with federal policies and institutional investments, has built a favorable ecosystem for the development of Bitcoin in the US market.
Endorsement by the Central Bank of Russia: Value recognition from a global perspective
The Central Bank of Russia reported that the annual return rate of BTC over the past 12 months was nearly 40%, outperforming various financial instruments such as gold, Russian Federation bonds, and stocks. Since January 2022, the cumulative return rate of BTC has reached 121%, far exceeding that of most traditional assets during the same period. Although the Central Bank of Russia also mentioned the risk of BTC price fluctuations, such as a nearly 20% drop in the first four months of 2025, it rebounded strongly by more than 10% in April, demonstrating the strong resilience of the market.
The report also emphasizes that the spot BTC ETFs launched by the United States and Hong Kong have lowered the investment threshold and promoted the global popularization of BTC. Against the backdrop of macroeconomic instability, whether it is the depreciation of the ruble within Russia or the uncertainties brought about by the global trade war, they have all prompted investors to seek safe-haven assets. Bitcoin, with its decentralized and limited total supply characteristics, has become one of the choices for many investors to preserve and increase their value. The Central Bank of Russia has listed BTC as a leading financial asset, indicating that Bitcoin is gradually gaining recognition from financial institutions in major global economies, and its influence is further spreading from the US market to the world.
New opportunities for Bitcoin value investment under double benefits
As a leading institution in the traditional financial sector, Goldman Sachs ‘investment decisions have a strong demonstration effect, which may prompt more institutions to follow suit and make investments, driving funds into the Bitcoin market and enhancing market liquidity and depth. The recognition by the Central Bank of Russia has, from a global macro perspective, enhanced the market’s confidence in the value of Bitcoin and attracted more international investors’ attention. The combined effect of the two will further enhance the recognition and acceptance of Bitcoin in the global financial market, and expand its application scenarios and market space.
As more and more institutional investors get involved, Bitcoin is expected to be incorporated into more investment portfolios, and its value discovery function will be better exerted. Meanwhile, the close connection between stablecoins and the US Treasury bond market, as well as the future surge in demand for Treasury bonds, indicates the vigorous development of the digital asset sector. As a representative of crypto assets, Bitcoin will benefit from the development dividends of the entire industry. Of course, the high volatility risk of the Bitcoin market still exists. While investors seize the opportunities, they need to fully conduct risk assessment and take corresponding countermeasures.
Driven by the dual benefits of Goldman Sachs ‘entry and the endorsement of the Central Bank of Russia, Bitcoin value investment has entered a new stage of development. Amid the wave of deep integration and transformation in the global financial market, the value investment path of Bitcoin is gradually becoming clear, full of opportunities and challenges, and is worthy of continuous attention and in-depth exploration by investors.
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