The post Philippe Laffont said Bitcoin is becoming a core portfolio asset as its volatility drops appeared on BitcoinEthereumNews.com.

Philippe Laffont, founder of Coatue Management, told attendees at Coinbase’s State of Crypto Summit in New York City on Thursday that Bitcoin is becoming a serious part of traditional portfolios as its once-wild volatility continues to drop. The hedge fund boss said he believes the asset is moving from speculative territory into something more foundational, with price behavior starting to look closer to legacy markets. Laffont explained that Coatue had initially avoided bitcoin because of how unstable it used to be. But now, the math is changing. “It’s intriguing to me that maybe … the cost of getting into bitcoin is shrinking,” he said. “If the beta shrinks, that would be very interesting.” The term beta is used to compare an asset’s volatility to the broader market. Institutions buy in as behavior of holders changes Laffont pointed out that Bitcoin has climbed almost 13% so far in 2025. That’s not what stood out to him, though. What mattered more was how price movements now feel more controlled than in previous years. In 2022, bitcoin lost more than 60% of its value while the Nasdaq Composite dropped 33%. It was one of those years that kept Coatue on the sidelines. Fast forward to April 2025, after President Donald Trump announced new tariffs, and the picture looked very different. From April 2 to April 10, bitcoin dropped about 5%, while the Nasdaq fell over 6%. That’s the kind of performance that signals a maturing asset. He said this improvement in behavior wasn’t just about price. It’s about the people holding it. Laffont noted that there’s been a sharp decline in the number of bitcoin wallets that sell their entire holdings after just one month. “That’s come down a lot,” he said. Instead of trading in and out, more holders are staying in…

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Filed under: News - @ June 14, 2025 8:29 pm