If institutions fully embrace Bitcoin, we will see it surge to unprecedented levels, but it is not that simple
These figures were met with some skepticism, particularly around the assumption that these institutions could simply choose to direct a percentage of their AUM toward Bitcoin. Responding to these concerns, Woo clarified that his response was a hypothetical one to a question posed by a user."It's not that simple," Woo said. He explained, emphasizing that asset allocation decisions are not solely determined by these institutions.
He went on to explain that wealth management can be split into two categories: those driven by investor decisions and those at the discretion of the wealth manager. Therefore, any significant move into Bitcoin would likely require approval from these institutions' investors.
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