Key facts
- TD Cowen believes institutions are increasingly viewing bitcoin as more than just an asset.
- The firm notes that institutions are discussing bitcoin's potential to support capital markets.
TD Cowen has indicated that institutions are increasingly considering bitcoin beyond its traditional role as an investment asset. The firm's analysis suggests a growing conversation among institutional players about how bitcoin can be utilized to support broader capital markets.
This perspective shifts the focus from bitcoin solely as a speculative or store-of-value asset to one with potential functional applications within financial infrastructure.