At the State of Crypto Summit in New York, Coatue Management founder Philippe Laffont emphasized Bitcoin's diminishing volatility, making it more suitable for traditional portfolios.
Shift Towards Stability
Laffont pointed out that Bitcoin has become less volatile, making it more acceptable for institutional investors. He stated, 'Price behavior is less speculative than before.'
Change in Holder Behavior
Laffont noted that the overall number of Bitcoin wallets selling their assets within the first month has significantly decreased. 'That's come down a lot,' he remarked, indicating a long-term approach among holders.
Investor Advice
Laffont candidly admitted he regrets not investing more in Bitcoin, advising investors to allocate a small percentage of their assets — between 1% and 4% — into the cryptocurrency to protect against inflation.
As Bitcoin becomes increasingly resilient and sought after by major investors, its role in portfolios is expected to grow. Laffont warns against making it a dominant part of one's portfolio, emphasizing that investment stability is more important.
