It is true that Bitcoin has been performing great since it was introduced in the market, but I think saying Bitcoin is the choice of investors is an exaggeration. There are still lots of investors who are hesitant to participate in the Bitcoin market. If we look at it, I think only a small percentage of these investors are into Bitcoin while many are still into traditional investments.
Aside from that there are still problems and issues in the Bitcoin system that keep investors and companies away, especially in the financial sector.
This statement is an overstatement for bitcoin. If you compare the number of bitcoin investors today with many years ago, it is clear that there has been a huge change. But compared to other markets, the number of investors in bitcoin is only a small number compared to other markets. To put it bluntly, the majority of people investing in bitcoin are just retail investors with little capital and a desire to get rich quickly. As for large investors and institutions, there are still not too many people investing in bitcoin. They still stand outside the game and observe, they have not yet decided to invest in bitcoin. But once the ETF is approved, I believe that will change. Bitcoin is still not the top choice of all investors in the financial sector.
Comparing Bitcoin to traditional markets is like comparing the early 1990s internet to today. Bitcoin investors are few compared to traditional markets, but isnt that the point? It reflects new tech and innovation. Many retail investors want rapid riches, but isnt that true for all investments? The game of capitalism. All markets, including Bitcoin, are driven by the desire to make rich quick.
Natural caution applies to big players, institutions. They're not playing yet, but thats institutional behaviour. They observe, wait, calculate. They're settlers, not pioneers. After mapping the terrain, they move in. Getting a Bitcoin ETF approved would change everything. It signifies maturity and legitimacy.
So, saying Bitcoin isnt the top choice for investors in the financial sector right now is a snapshot of a moment in time. Its like saying businesses didnt like the internet in 1991. Bitcoin and blockchain are paradigm shifts. This is just the start. The canvas is blank, yet the potential is huge. Bitcoin's story is only beginning.