ME News: On December 18 (UTC+8), Arca Chief Investment Officer Jeff Dorman stated that there is still a significant disconnect between Bitcoin as an investment target and the overall growth of the blockchain ecosystem. Stablecoins, tokenization of real-world assets (RWA), and the DeFi sector are growing rapidly, but discussions in Wall Street and the fintech sector are more focused on how to utilize stablecoins and RWAs for issuance and fee collection, rather than the investments themselves. Meanwhile, most investors' attention remains concentrated on Bitcoin, leading to less research and discussion on the value of tokens in Wall Street. Although some institutions have begun to dabble in token research, such as Cantor Fitzgerald's report on certain tokens, overall token investment has not yet become mainstream, and related sales and promotional efforts have not shown improvement. Many new investors mistakenly believe that investing in Bitcoin will allow them to capture the blockchain growth opportunity; however, there is no direct correlation between Bitcoin and the growth in decentralized finance, stablecoins, and RWAs. Nevertheless, Bitcoin continues to dominate the flow of funds and price trends. It is still unclear when this situation will change, but investors generally tend to enter the market during price corrections while neglecting the potential value in other areas of blockchain. (Source: ME)

