Matt Hougan, CIO of Bitwise Investments, claims that the most powerful people in finance are allocating to Bitcoin and crypto.
At a recent financial advisor summit, nearly every attendee claimed to personally own Bitcoin and crypto assets.
Bitwise manages over $4.5 billion in Bitcoin and crypto assets and secured regulatory approval for the first Bitcoin ETF in the US.
Hougan expects more financial advisors to allocate Bitcoin and crypto in client accounts within 6-12 months, following the trend of personal ownership.