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Blackrock's Bitcoin Believer
Trillions
Journey of Institutions into the Crypto Industry
Institutions are on a slow journey to enter the crypto industry. While some have already directly allocated to Bitcoin, many are still in the research and education phase. The distinction is made between Bitcoin and a large number of other crypto assets, with current interest primarily focused on Bitcoin and Ethereum. The industry still faces challenges with a long tail of assets having varying levels of substance and economic use cases. For the industry as a whole, there is a need to establish product market fit and real economic substance before crossing the chasm seen by Bitcoin.
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