Arca CIO: Wall Street still only considers Bitcoin despite DeFi growth

A significant disconnect persists between viewing Bitcoin as an investment asset and recognizing the broader blockchain sector as a growth industry, according to Jeff Dorman, Chief Investment Officer (CIO) at crypto investment firm Arca. Dorman noted that while sectors such as stablecoins, real-world asset (RWA) tokenization, and decentralized finance (DeFi) are experiencing explosive growth, Wall Street and the fintech industry are concentrating on issuing these assets and generating fee revenue rather than investing in the sectors themselves. He explained that investment discussions are still largely confined to Bitcoin. Dorman added that large banks and institutional investors are not questioning which other tokens hold value, and there is virtually no research or investment solicitation for tokens beyond Bitcoin.