The head of the thematic investment department at a large asset management firm, Jay Jacobs, recently emphasized that Bitcoin is still in a very early stage within the entire investment ecosystem.



Data shows that spot Bitcoin fund products have been launched for less than two years and have absorbed hundreds of billions of dollars in institutional funds. But this precisely indicates that many investors are still exploring — what role should Bitcoin play in their investment portfolios?

The key now is not frequent trading, but understanding a few questions: How does Bitcoin perform across different market cycles? What is its correlation with traditional stocks and bonds? Accumulating this knowledge is the foundation for long-term investment decisions.
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StablecoinGuardianvip
· 01-09 21:02
Hundreds of billions and still call it early? Then what are we retail investors playing at, haha. Early? Nonsense. Now those who get in are just the bagholders, right? Why does it feel like Jay is talking nonsense? Who still really wants to hold long-term? Do we need to understand the cycle? I only understand one thing — when to make a move, that's all. Don't make it so complicated. Honestly, it's just about whether you can make a profit or not.
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MetaMaximalistvip
· 01-08 07:56
look, Jay's not wrong but he's also stating the obvious at this point lol. the real question nobody wants to ask is whether institutions even understand *why* they're allocating to btc or if it's just narrative-chasing at scale. hundreds of billions flowing in yet most portfolio managers still can't articulate the network effects thesis coherently—that's the real early stage we're in, ngl
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MysteriousZhangvip
· 01-08 07:55
That's right, no one has really figured it out yet. Hundreds of billions poured in, and people are still blindly exploring—it's hilarious. Real players have already been thinking about long-term allocation ratios. Those who trade frequently are destined to become the little harvesters. You still need to understand cycles; that's the core. Wait, is the correlation between traditional assets and Bitcoin really that important? I think it's more about betting on the future. Having absorbed so much money in the early stages, the ceiling is a bit frightening.
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TokenDustCollectorvip
· 01-08 07:55
You might be surprised, but most institutional players nowadays are also half-knowingly clueless. They pour hundreds of billions in and still ask themselves how much Bitcoin they should hold... LOL Early stage? Bro, isn't that just saying you haven't figured it out either? Honestly, instead of obsessing over daily price movements and chasing highs and lows, it's better to first understand what this thing really has to do with stocks and bonds. That's the key to lasting longer. With such a large amount of data, calling it early stage? Then what are we retail investors... Wait, they’re still exploring their position allocations? Then when we buy, shouldn’t we also consider our own risk tolerance?
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POAPlectionistvip
· 01-08 07:40
Early? Haha, still too early. The institutions have only been in for less than two years, and they're already calling it early. What about retail investors? This guy makes some sense, but the problem is that most people won't really hold long-term. As soon as there's a slight fluctuation, they cut their losses. Hundreds of billions are flowing in, and people are still figuring out the allocation ratios. What does that indicate? They haven't made up their minds yet. Not trading frequently sounds easy, but being able to hold is the real skill. This logic feels a bit like it's just for the sake of appearing rational. The key still depends on whether there will be another big drop later. At that time, we'll see who is swimming naked.
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