A big narrative over the past few months has been the introduction of institutional capital into the Bitcoin space. It started in 2020 with Paul Tudor Jones, a billionaire Wall Street investor who put a few percent of his fund into BTC futures. He did so in preparation for the halving in May, commenting that Bitcoin's scarcity will make him the "fastest horse in the race" in a world where inflation is rampant. Jones ‘colleagues on Wall Street followed suit. Many macro investors, known for making asymmetrical bets like BTC and crypto, have since swallowed the "bitcoin pill". Family offices are also starting to allocate Bitcoin as they try to diversify from overvalued assets. But not all of Wall Street is included in Bitcoin. Case in point: Fidelity Investments alone has more than $ 3 trillion in assets under management, which is three times the market capitalization of the cryptocurrency space. Scott Minerd, CIO of Guggenheim Investments, recently infected by the Bitcoin bacillus, said in a recent interview that more investors should allocate a small portion of their portfolio to this space.
