Coatue Hedge Fund Founder: Bitcoin Will Become a More Core Asset in Investment Portfolios

ChainCatcher news, 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, Bitcoin's volatility has decreased over time, which means the cost of investing in Bitcoin is declining. The acceptance of Bitcoin by institutional investors is also a sign of the maturity of cryptocurrencies.

In addition, the number of Bitcoin wallets that hold cryptocurrency for at least one month and then sell all 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 (about 2 trillion out of 500 trillion). If Bitcoin is seen as a value asset by more people, it must become a more core asset in the investment portfolio. For investors who value Bitcoin, Philippe Laffont advises not to let Bitcoin occupy too large a proportion of the portfolio to the extent that it becomes the driving factor of the portfolio.