Hedge Fund Coatue Founder: Bitcoin Will Become a More Core Asset in Investment Portfolios
PANews June 14, according to CNBC, 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, the volatility of Bitcoin has decreased over time, which means the cost of investing in Bitcoin is declining, and institutional acceptance of Bitcoin is a sign of cryptocurrency maturation.
In addition, the number of Bitcoin wallets that have held cryptocurrency for at least a month and sold all their holdings has significantly decreased, indicating that investors are holding cryptocurrencies long-term rather than trading. Of course, at this stage, Bitcoin still accounts for a very small proportion of global net assets (approximately $2 trillion out of $50 trillion), and if Bitcoin is considered a value asset by more people, it must become a more core asset in investment portfolios.