- Big investors are focusing mostly on Bitcoin.
- Uncertainty is driving the interest.
- Altcoins continue to get faded.
Institutions only care about Bitcoin right now.
At least that’s according to Samara Cohen, BlackRock’s CIO of ETF and Index Investments.
“Institutional investors are really largely focused on Bitcoin,” Cohen said on the Blockworks Empire podcast on Monday.
“Particularly in this environment.”
This laser focus on Bitcoin from Wall Street’s biggest players reveals that during times of uncertainty, the top cryptocurrency is the only serious contender in crypto.
With the ongoing global trade war, which has forced investors to de-risk portfolios, Bitcoin’s narrative as an uncorrelated asset has begun to resonate.
Some investors have even said that Bitcoin has ‘decoupled’ from equities — a recent development that suggests it’s not just another risky asset…
