According to a report by CNBC on June 14, PANews reported that Philippe Laffont, founder of hedge fund giant Coatue Management, stated at the Coinbase cryptocurrency summit in New York that although investors may have been deterred by Bitcoin's early volatility, Bitcoin's volatility has decreased over time, which means the cost of investing in Bitcoin is decreasing. The acceptance of Bitcoin by institutional investors is also a sign of the maturation of cryptocurrency.
In addition, the number of Bitcoin wallets that have held cryptocurrency for at least a month and sold all of it has significantly decreased, indicating that investors are holding onto cryptocurrency for the long term rather than trading. Of course, at this stage, Bitcoin still accounts for a very small proportion of global net assets (about $2 trillion out of $50 trillion). If Bitcoin is viewed as a value asset by more people, it must become a more core asset in investment portfolios. For investors who value Bitcoin, Philippe Laffont suggests not allowing Bitcoin to take up too large a proportion of the portfolio to the extent that it becomes a driving factor for the portfolio.
