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Why Wall Street Only Trusts Bitcoin and Ethereum
Bitcoin just took another brutal correction, down 50%, and no, this isn’t the first time we’ve seen this movie. But something bigger is happening underneath the price action.
Back in October when everything melted, Bitcoin got slaughtered and the rest of the market was wiped out, some coins down 80–90% and they never recovered. Why? Because institutions finally did the math and realized if you want 90% of the upside and volatility in crypto, you only need Bitcoin and Ethereum. Everything else is just poo poo coins, worthless, and they got dumped accordingly.
I’m still long Bitcoin, but there’s a new concern floating around now, quantum computing. The idea that a quantum computer could eventually break the chain is making institutions hesitate, and until that gets resolved, don’t expect them to go beyond a 3% allocation. They’ll stay cautious, they’ll stay disciplined, and they’ll wait for clarity. That’s the reality.
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