I expect institutions and big money individuales to get involved in quality Alts too. One thing they don't tend to do is put all their eggs in one basket and I don't think their crypto exposure will be any different.
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Some will, but like I have mentioned previously, there is a big difference between bitcoin and literally everything else. They are buying bitcoin due to its ability to work as a store of value. Many other coins have unlimited supply, and/or significantly less decentralization and security.