Dragonfly Partner: Retail Investors Have Withdrawn Significantly, Institutions Support Bitcoin at Market Bottom

On May 2, Dragonfly partner Haseeb Qureshi stated that retail investors have significantly exited the current market, while institutions are forming the market bottom and supporting Bitcoin. Bitcoin is viewed as a mature asset with sustained growth over the next 15-20 years, while altcoins need a clear narrative to attract retail investors. The core of crypto lies in money and finance, with DeFi, stablecoins, exchanges, and RWA showing stickiness. The involvement of AI will facilitate intermediary transactions among agents, greatly enhancing adoption, with low-risk preference investors becoming the mainstream entry point. Savings-type assets and passive investments are expected to see explosive growth on-chain.

BTC0.38%
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