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Bitcoin Is the Only 'Universal' Bet, Bitwise Says—Ethereum, Solana Must Prove 'Something Has to Work'
Bitwise surveyed 15 institutions, and all of them own Bitcoin and held it through a crypto crash of 50%. Ethereum and Solana still face scrutiny, according to the report.
Published:
Updated:
What happened
Bitwise surveyed 15 institutions, and all of them own Bitcoin and held it through a crypto crash of 50%. Ethereum and Solana still face scrutiny, according to the report.
Confirmed
Global impact / market context
If institutions keep Bitcoin through a 50% crash, that suggests they treat it as a core holding. Ethereum and Solana must prove themselves before they earn the same steady institutional demand.
Confirmed
The survey covers only 15 institutions, so it is a small sample. Still, it hints that professional investors may favor Bitcoin over other cryptocurrencies, which could shape where future institutional money flows.
Analyst inference
What to watch
- Watch whether the same 15 institutions keep holding Bitcoin through future crypto crashes, since the survey says they held through a 50% drop. Confirmed
- Watch whether Ethereum and Solana win more institutional buyers, because the article says they still face scrutiny and must prove something has to work. Analyst inference
- Watch for a follow-up Bitwise survey that shows whether institutional Bitcoin ownership stays universal and whether Ethereum or Solana gain ground. Proposed
Affected assets
- SOL — Solana
- ETH — Ethereum
- BTC — Bitcoin