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Bitcoin lacks ‘fundamental story’ to attract investors, says Jordi Visser – Macro guru claims most will prefer the largest ‘liquid companies’ over BTC – Roundhill Magnificent Seven ETF (BATS:MAGS)
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Bitcoin lacks ‘fundamental story’ to attract investors, says Jordi Visser – Macro guru claims most will prefer the largest ‘liquid companies’ over BTC – Roundhill Magnificent Seven ETF (BATS:MAGS)

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Experienced Wall Street investor Jordy Visser on weighed Bitcoins (CRYPTO: BTC) recent crash on Friday, highlighting that the cryptocurrency remains inextricably linked to developments in the traditional financial world.

Are institutional investors losing interest in Bitcoin?

During an interview with entrepreneur and investor Anthony PomplianoVisser was asked about the factors causing the ongoing Bitcoin crash. Visser said he was “losing money” like everyone else.

“You can’t separate Bitcoin from traditional finance. You just can’t,” he said.

Bitcoin lacks a ‘fundamental story’

He argued that if institutional investors, such as pension funds or sovereign wealth funds, could earn similar or better returns from the world’s largest “liquid companies,” they would not be tempted to invest in Bitcoin.

Visser, a macro investor with more than 30 years of professional market experience, said Bitcoin still lacks a strong “fundamental story” to broaden its appeal.

It is striking that Bitcoin has fallen by more than 26% in the past year The Roundhill Magnificent Seven ETFwhich provides equal-weighted exposure to the “Mag 7” technology companies, has delivered returns of over 15%.