Crypto
TD Cowen flags shift as bitcoin moves beyond an investment asset
Bitcoin is moving beyond a simple investment asset toward use as institutional financial infrastructure, TD Cowen said in a memo after the Bitcoin Treasuries conference in New York. The investment bank said interest is not limited to accumulation, but is expanding to the ecosystem being built around bitcoin. It pointed to growth in custody, product design and operational structures as institutional participation rises, alongside deeper involvement by major banks in bitcoin-based technology and crypto products.
