Crypto
Investors\' quick-profit mindset weighs on bitcoin
Bitcoin is facing an identity crisis unrelated to fundamentals as investor attention shifts to markets offering quicker feedback and instant rewards, an analysis says. NYDIG research chief Greg Cipolaro calls the trend “speculative cannibalization,” as capital disperses into sports betting, high-leverage ETFs and options. Despite solid long-term performance, bitcoin is increasingly seen as a “slow asset,” and spot bitcoin ETFs may have limited impact in a more competitive attention economy.