Why bitcoin is becoming ‘more central’ to portfolios, per Coatue’s Laffont
Philippe Laffont, founder and chief investment officer of Coatue Management LLC.
Chris Goddney | Bloomberg | Getty Images
While investors may have been put off by bitcoin’s volatility in its early years, a few factors are emerging that will make the flagship crypto a key part of a portfolio, according to Coatue Management’s Philippe Laffont.
The founder of the tech-focused hedge fund spoke Thursday at Coinbase’s State of Crypto Summit in New York City.
For starters, while bitcoin has managed to surge nearly 13% in 2025, Laffont said that the cryptocurrency’s volatility has come down over time. Bitcoin’s dramatic price swings have been a deterrent for potential investors in the crypto – and at one point, this volatility kept Coatue from…
