At the World Economic Forum's annual meeting in Davos, some of the world's largest investors revealed their cautious stance on cryptocurrencies. Despite recent price surges and Donald Trump's pro-crypto stance, significant players, such as Anne Walsh from a New York and Chicago-based investment firm, remain wary. As Walsh put it, Crypto really correlates to Nasdaq - it's a risk-on appetite indicator.

Similarly, the CEO of Norway's $1.8 trillion sovereign wealth fund expressed skepticism about including crypto in their portfolio. With Bitcoin hitting an all-time high of $109,071 during Trump's inauguration, investor Saira Malik of Nuveen emphasized the difficulty in assessing the "true fundamental value of crypto."

Melissa Stolfi from TCW Group, a Los Angeles-based asset manager, highlighted the need for substantial technical expertise in the crypto space. Stolfi mentioned that their focus, despite managing nearly $200 billion in assets, remains on strengthening their core business.