Bitcoin's declining volatility attracts institutional investors, signaling its maturation as an asset.

Philippe Laffont, founder of Coatue Management, noted that Bitcoin's decreasing volatility has made it more appealing to institutional investors, signaling its maturity as an asset. Speaking at Coinbase's State of Crypto Summit, Laffont emphasized Bitcoin's potential as a hedge against inflation, suggesting a small but significant role in investment portfolios. He highlighted a trend of long-term holding over trading, indicating growing confidence in the cryptocurrency.