Bitcoin Lacks 'Fundamental Narrative' To Draw Investors, Says Jordi Visser — Macro Guru Argues Most Will Favor Biggest 'Liquid Companies' Over BTC
View original at finance.yahoo.comBitcoin Lacks 'Fundamental Narrative' To Draw Investors, Says Jordi Visser — Macro Guru Argues Most Will Favor Biggest 'Liquid Companies' Over BTC Veteran Wall Street investor Jordi Visser weighed in on Bitcoin’s (CRYPTO: BTC) recent crash on Friday, stressing that the cryptocurrency remains inextricably linked to deve…
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Bitcoin is the only crypto asset worth holding long term
80% confidenceHe was losing money like everyone else during the Bitcoin crash
80% confidenceIf institutional investors could achieve similar or better returns from the world's largest liquid companies, they wouldn't be tempted to invest in Bitcoin
80% confidenceRoughly 99% of altcoins are built to transfer wealth from retail investors to insiders
80% confidenceYou cannot separate Bitcoin from the traditional finance world
80% confidenceA deep, prolonged crash like the 2022 cryptocurrency winter is unlikely even if volatility persists
80% confidence$1 million price target for Bitcoin
80% confidenceGrowth of stablecoins reflects the strengthening credibility and maturation of the broader cryptocurrency ecosystem
80% confidenceThe Bitcoin selloff wasn't driven by a single trigger but by a combination of factors, including collapsing leverage, AI hype unravelling and quantum computing risks
80% confidenceBitcoin still misses a strong fundamental narrative to boost its appeal
80% confidence