#数字资产市场洞察 【Can Bitcoin Become a Standard for Institutions? From "Dead Asset" to "Cash Cow"】

Institutional investors have always had a concern about Bitcoin: its high volatility and lack of cash flow. Holding hundreds of millions of dollars in BTC, their accounts fluctuate wildly, but they see no income—this is a nightmare for pension funds and insurance companies.

There's an idea to change this situation. The core concept is simple: why not let these idle Bitcoins "work" while keeping them on the balance sheet?

**How to achieve this?**

Institutional Bitcoin can be used as primary collateral and deposited accordingly, with liquidity released. The released capital isn't used to speculate on price movements (that would be going back to the old way), but instead allocated to market-neutral strategies like cross-exchange arbitrage and basis trading. In simple terms, profit is made from price differences between exchanges or through cash-and-carry arbitrage—these operations have very low correlation with the direction of the coin's price.

From an institutional perspective, what does this mean? Stable fee income, predictable returns, and more controllable risks. Moreover, because the protocol design emphasizes transparency and over-collateralization, internal audits and compliance departments find it easier to accept.

Once this model is operational, Bitcoin shifts from being merely a "price volatility tool" to a "income-generating asset." Pension funds no longer worry about its valuation argument because they receive steady interest income every month. This could be a key step in truly integrating BTC into conservative, long-term capital strategies—not because it will appreciate 1000 times, but because it can generate regular cash flows like bonds.

What do you think? Is this concept feasible?