Odaily Planet Daily reports that ARK Invest founder Cathie Wood stated in an interview that Bitcoin represents a new global monetary system and asset class, and remains the first choice and starting point for institutional entry into the crypto space. It should be prioritized in institutional asset allocation. Additionally, the narratives around Ethereum and Solana are changing. Ethereum is the infrastructure of choice for institutions, with second-layer solutions built on Ethereum. However, as the number of L2 solutions rapidly grows, whether they will be “commoditized” remains to be seen. Solana is more oriented towards a consumer-facing blockchain ecosystem and also has the potential to become part of institutional expansion in the future.
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Odaily Planet Daily reports that ARK Invest founder Cathie Wood stated in an interview that Bitcoin represents a new global monetary system and asset class, and remains the first choice and starting point for institutional entry into the crypto space. It should be prioritized in institutional asset allocation. Additionally, the narratives around Ethereum and Solana are changing. Ethereum is the infrastructure of choice for institutions, with second-layer solutions built on Ethereum. However, as the number of L2 solutions rapidly grows, whether they will be "commoditized" remains to be seen. Solana is more oriented towards a consumer-facing blockchain ecosystem and also has the potential to become part of institutional expansion in the future.
Cathie Wood: Bitcoin remains the preferred asset for institutional entry into the crypto market
Odaily Planet Daily reports that ARK Invest founder Cathie Wood stated in an interview that Bitcoin represents a new global monetary system and asset class, and remains the first choice and starting point for institutional entry into the crypto space. It should be prioritized in institutional asset allocation. Additionally, the narratives around Ethereum and Solana are changing. Ethereum is the infrastructure of choice for institutions, with second-layer solutions built on Ethereum. However, as the number of L2 solutions rapidly grows, whether they will be “commoditized” remains to be seen. Solana is more oriented towards a consumer-facing blockchain ecosystem and also has the potential to become part of institutional expansion in the future.