On June 14, according to CNBC, Philippe Laffont, founder of Coatue Management, stated that despite Bitcoin's early high volatility which deterred investors, multiple factors are now driving these mainstream crypto assets to become key components of investment portfolios.
The hedge fund founder focused on the technology sector made these remarks at the Coinbase Crypto State Summit held in New York City on Thursday.
Laffont noted that first, although Bitcoin has risen nearly 13% so far in 2025, its overall volatility is declining. He stated that Bitcoin's significant price fluctuations in the past had deterred many potential investors and were also the primary reason Coatue had not invested in Bitcoin previously.
He said on stage: "What interests me is that perhaps... the cost of entering Bitcoin is becoming smaller. If its Beta value (measuring an asset's volatility relative to the market) narrows, that would be very meaningful."
Additionally, he mentioned that institutional investors beginning to accept Bitcoin also marks the maturation of such assets. For example, BlackRock was one of the leaders in driving the listing of Bitcoin spot ETFs.
