According to a study conducted by Fidelity Digital Assets, Bitcoin is the most secure, decentralized and scarce crypto in the world.
The firm's experts have said BTC is steadily being adopted amid significant hurdles faced by other assets in the sector.
This is manifested in a growing audience in the ecosystem and an increasing share in investment portfolios.
According to the study, Bitcoin is best understood as a monetary asset, a store of wealth in an increasingly digital world and is fundamentally different from any other asset in the sector.
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In addition, Bitcoin is perceived as reliable digital money, there is not necessarily mutual exclusivity between the success of the Bitcoin network and other blockchains.
The firm's experts have pointed out projects other than Bitcoin should be evaluated from a different perspective than BTC, and the crypto should be seen as an entry point for traditional investors looking to gain exposure to the sector.
Fidelity filed in late June to launch a spot Bitcoin ETF, offering its clients a regulated instrument linked to the cryptocurrency.