According to PANews, Arca's Chief Investment Officer Jeff Dorman recently pointed out that Bitcoin, as an investment target, has shown a significant divergence in performance from the overall growth trend of the blockchain ecosystem. While sectors like stablecoins, real asset tokenization (RWA), and decentralized finance (DeFi) are developing rapidly, Wall Street's focus is more on the issuance mechanisms and related costs of stablecoins and RWAs, with insufficient value exploration of other tokens.
Currently, most investors are still primarily focused on Bitcoin, resulting in a lack of in-depth research on various tokens at the institutional level. Although some financial institutions, such as Cantor Fitzgerald, have begun to venture into research in the token field, overall, token investment has not yet become mainstream, and the progress of market promotion and popularization has been relatively slow.
Many new investors mistakenly believe that holding Bitcoin allows them to fully participate in the growth opportunities of the blockchain industry. However, Bitcoin itself has no direct connection to the actual growth of specific areas such as DeFi, stablecoins, and RWA. Bitcoin continues to dominate market capital flows and overall price trends, leading investors to often choose to enter when its price corrects, while overlooking other potentially valuable sectors and opportunities within the blockchain ecosystem.
