The digital asset ecosystem is broader and deeper than in the past, Tapiero said, and assets have lower correlations to bitcoin itself. Despite asserting that “I’m not hearing anyone say that Bitcoin is going to zero,” he said the existence of uncorrelated digital assets gives institutions the opportunity to expand beyond bitcoin, such as investing in discounted altcoins and tokens.
Tradfi Market Participants See Opportunity in Crypto Investing Despite ‘Red Wedding,’ Burning Buildings
