Even as bitcoin loses trillions in value, traditional investors are still backing crypto. At the iConnections conference in Miami, digital assets are now considered a core part of alternative investments.
Over 75 digital asset funds attended, generating about 750 meetings. Nearly a quarter of limited partners now show interest in crypto strategies, with family offices leading adoption.
Bitcoin is down nearly 25% this year, and crypto company stocks like Coinbase and MicroStrategy have fallen. Yet confidence remains. CEO Ron Biscardi said bitcoin has achieved institutional legitimacy, and altcoins are close, pending clear regulations.
Investors treat bitcoin as a risk asset, preferring ETFs and funds rather than buying coins directly. Conservative institutions, including endowments, are adding measured exposure to bitcoin and ether for long-term growth.
Crypto companies are investing in awareness, with sponsors like BitGo, Galaxy Digital, Ripple, and Blockstream prominently at the event.
