Bitcoin (CRYPTO: BTC) is increasingly seen as digital gold by institutional investors, but altcoins are losing appeal, according to industry insiders.

Bitcoin’s Strength Against Speculative Coins

In an Apr.28 CNBC interview, Mark Wong, Head of Trading at Independent Reserve, highlighted scarcity as Bitcoin’s core strength.

Wong explained that altcoins tend to move in cycles influenced by shifting themes rather than consistent institutional conviction.

He pointed to a growing preference among investors for more established, utility-driven projects as opposed to speculative meme coins.

Sandwich Class Seek BTC

Wong compared the BTC vs. speculative meme coins approach to distinguishing…

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