Jeff Dorman, Chief Investment Officer of Arca, has highlighted a significant misconception among new investors who believe that investing in Bitcoin will allow them to benefit from the broader growth of the blockchain ecosystem. Dorman pointed out that while sectors like stablecoins, Real-World Asset Tokenization (RWA), and decentralized finance (DeFi) are rapidly expanding, the focus on Bitcoin remains predominant, overshadowing these areas. Dorman noted that discussions in Wall Street and fintech circles are primarily centered on leveraging stablecoins and RWA for issuance and fee collection, rather than direct investment. Despite some institutional interest in token research, such as Cantor Fitzgerald's reports, token investment has not yet become mainstream. Bitcoin continues to dominate fund flows and price movements, with investors often entering the market during price pullbacks, potentially overlooking other blockchain opportunities.