Hedge fund giant Laffont: Bitcoin fluctuation drop is a sign of acceptance by institutional investors, marking maturity.

[Chain News] On June 14, it was reported that Philippe Laffont, founder of hedge fund giant Coatue Management, stated at a cryptocurrency summit on a trading platform in New York that although investors may have been deterred by the early Fluctuation of Bitcoin, the Fluctuation of Bitcoin has dropped over time, which means the cost of investing in Bitcoin is decreasing, and the acceptance of Bitcoin by institutional investors is also a sign of the maturity of Crypto Assets.

In addition, the number of Bitcoin wallets holding Crypto Assets for at least one month and then selling them all has significantly decreased, indicating that investors are holding Crypto Assets for the long term rather than trading. Of course, at this stage, the proportion of Bitcoin in global net assets is still very small (approximately $2 trillion out of $50 trillion). If Bitcoin is seen as a value asset by more people, it must become a more core asset in their portfolios. For investors who value Bitcoin, Philippe Laffont suggests not allowing Bitcoin to occupy too large a proportion in their portfolios, to the extent that it becomes the driving force of the portfolio.