Bitcoin Is 'Too Big To Ignore'—Even For Wall Street's Biggest Players
The Kobeissi Letter has said Bitcoin has become "too big to ignore.'
'Simply put, institutional capital can no longer ignore the returns that Bitcoin is providing,' the market analysis platform run by prominent market commentator Adam Kobeissi said Tuesday on X. 'When an asset provides a return of 90% in one year, it can be ruled an 'outlier.' However, when an asset provides a 90% CAGR for 13 years (Bitcoin), it can no longer be ignored.'
Kobeissi said that now, even conservative asset managers were allocating at least 1% of their assets under management to Bitcoin, citing conversations at The State of Crypto Summit 2025 hosted by Coinbase (NASDAQ:COIN) in June. They added that any remaining reservations these fund managers may have had were taken away with the cryptocurrency sector's newfound government support.
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Kobeissi estimated that an additional $300 billion could flow into Bitcoin if 1% of U.S. institutional capital, estimated to be around $31 trillion, was allocated to Bitcoin. The figure is nearly 10 times the $38 billion in inflows the asset received from spot Bitcoin exchange-traded funds in 2024, which helped it to an impressive 150% run.
The case for Bitcoin becomes even more appealing if one assumes that not just U.S. funds are allocating to the asset. Kobeissi said in a scenario where global funds allocate 1% to Bitcoin, about $1 trillion could flow into the asset.
Already, Bitcoin is up 28% year-to-date, the best-performing asset of 2025 so far, marginally edging gold's 27%.
The asset's outperformance comes amid outsized demand from institutions and public corporations. As recently highlighted by Bitwise investment chief Matt Hougan, spot Bitcoin ETFs alone are gobbling up thousands of BTC daily, while the network is only producing roughly 450 BTC daily.
Trending: New to crypto? on Coinbase.
Meanwhile, public corporations led by MicroStrategy (NASDAQ:MSTR) continue to aggressively accumulate the asset as well. On Monday, the firm announced that it had added 4,225 BTC worth nearly $500 million to its holdings, bringing its total stash close to 602,000 BTC worth over $70 billion.
Amid these trends, analysts at Bernstein and Bitwise see Bitcoin topping $200,000 by year-end. At last look, the asset is trading near $120,000.
'You may call us 'believers' but we suspect we may have crossed the 'belief' stage,' Bernstein Global Digital Assets Senior Analyst Gautam Chhugani said in a Monday note.
'I think it has a long way to go,' Hougan told CNBC last week. 'I think it could end the year closer to $200,000. So I would get used to this story of new all-time highs.'
Meanwhile, Bitcoin's fundamentals are likely to benefit from House approvals of the GENIUS, CLARITY and the Anti-CBDC Surveillance State acts.
Hougan said in a Monday note that the passage of these key cryptocurrency bills in the House would mark a new era for cryptocurrencies by minimizing risk, which would encourage Wall Street to fully jump in.
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This article Bitcoin Is 'Too Big To Ignore'—Even For Wall Street's Biggest Players originally appeared on Benzinga.com
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These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'potential,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CEP's securities; the risk that the Proposed Transactions may not be completed by CEP's business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Business Combination, including the approval of CEP's shareholders, or any of the PIPE Offerings; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of CEP's public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the CEP Class A ordinary shares or the shares of Twenty One's Class A Stock; the lack of a third-party fairness opinion in determining whether or not to pursue the Business Combination; the failure of Twenty One to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to Twenty One's anticipated operations and business, including the highly volatile nature of the price of Bitcoin; the risk that Twenty One's stock price will be highly correlated to the price of Bitcoin and the price of Bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; risks related to increased competition in the industries in which Twenty One will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding Bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, Twenty One experiences difficulties managing its growth and expanding operations; the risks that growing Twenty One's learning programs and educational content could be difficult; challenges in implementing Twenty One's business plan including Bitcoin-related financial and advisory services, due to operational challenges, significant competition and regulation; the outcome of any potential legal proceedings that may be instituted against CEP, Twenty One, Twenty One Assets, LLC or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that CEP, Twenty One and/or Twenty One Assets, LLC filed, or that will be filed, with the SEC. The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the ' Risk Factors ' section of the final prospectus of CEP, dated as of August 12, 2024 and filed by CEP with the SEC on August 13, 2024, CEP's Quarterly Reports on Form 10-Q, CEP's Annual Report on Form 10-K and the Registration Statement that will be filed by Twenty One and Twenty One Assets, LLC and the Proxy Statement/Prospectus contained therein, and other documents filed by CEP, Twenty One Assets, LLC and Twenty One from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CEP, Twenty One Assets, LLC nor Twenty One presently know or that CEP, Twenty One and Twenty One Assets, LLC currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CEP, Twenty One and Twenty One Assets, LLC assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CEP, Twenty One nor Twenty One Assets, LLC gives any assurance that either CEP, Twenty One or Twenty One Assets, LLC will achieve its expectations. The inclusion of any statement in this press release does not constitute an admission by CEP, Twenty One or Twenty One Assets, LLC or any other person that the events or circumstances described in such statement are material.
