The truth behind Bitcoin's popularity: Why Wall Street hasn't yet recognized the investment opportunities in DeFi and RWA

【Chain Wen】There’s an interesting phenomenon—Bitcoin is extremely popular, but the growth of the entire blockchain ecosystem is seriously underestimated.

Arca’s Chief Investment Officer recently pointed out this contradiction: sectors like stablecoins, real-world asset tokenization (RWA), and DeFi are all growing rapidly, but discussions in Wall Street and the fintech circle are skewed. People are concerned with how to issue products and charge fees through stablecoins and RWA, rather than focusing on genuine investment opportunities. As a result, most investors still have their eyes firmly fixed on Bitcoin, and research and discussions on token investments are almost negligible.

Of course, there are exceptions. Cantor Fitzgerald previously published research reports on certain tokens, indicating that institutions are starting to get involved. But these are isolated cases; overall, token investments remain weak, and the enthusiasm for sales and promotion is even more subdued.

A common misconception here is that many new investors believe that buying Bitcoin means seizing the opportunity for blockchain growth. Not quite. Bitcoin’s price fluctuations are not directly related to the growth of DeFi, stablecoins, or RWA sectors. But ironically, Bitcoin remains the barometer of capital flow, and its price is still dictated by it.

When will there be a change? Honestly, it’s hard to say right now. But one clear investment mindset is that people prefer to buy during price dips, while ignoring the value of other blockchain sectors. Changing this pattern may still take time.