According to ChainCatcher, citing CNBC, Philippe Laffont, founder of hedge fund giant Coatue Management, stated at the Coinbase Cryptocurrency Summit in New York that while investors might have been deterred by Bitcoin's early volatility, the cryptocurrency's volatility has decreased over time. This means the cost of investing in Bitcoin is declining, and institutional investors' acceptance of Bitcoin is a sign of cryptocurrency maturity.
Additionally, the number of Bitcoin wallets holding cryptocurrencies for at least a month before selling has significantly dropped, indicating that investors are holding cryptocurrencies for the long term rather than trading. Currently, Bitcoin still represents a small proportion of global net assets (approximately 20 trillion dollars out of 500 trillion dollars). If Bitcoin is to be viewed as a value asset by more people, it must become a more core asset in investment portfolios. For investors interested in Bitcoin, Philippe Laffont suggests not allowing Bitcoin to occupy too large a proportion in the investment portfolio to the point where it becomes the portfolio's driving factor.
