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Now Is The Best Time To Buy Bitcoin, Says Investment Giant
- Bitwise Asset Management asserts that now is the opportune time to invest in Bitcoin, citing a favorable risk-adjusted basis.
- Chief Investment Officer Matt Hougan reflects on Bitcoin's evolution, emphasizing the diminished risks associated with the cryptocurrency.
- Hougan highlights Bitcoin's journey in overcoming existential threats and mentions the improved trading venues and custodial solutions that have bolstered the market.
- The introduction of spot Bitcoin ETFs in the US in 2024 further contributed to Bitcoin's mainstream acceptance and reduced regulatory concerns.
- Hougan addresses the historical concern of government intervention by citing the US government's gold confiscation order in 1933 and discusses the potential impact on Bitcoin.
- President Trump's executive order establishing a US Strategic Bitcoin Reserve is seen as mitigating the risk of a potential government ban on Bitcoin, signaling strategic alignment instead.
- Bitwise observes a shift in institutional allocations towards Bitcoin, with some investors now considering higher allocations due to increased legitimacy and regulated investment avenues.
- BTC is currently trading at $87,865, reflecting the confidence in Bitcoin's investment potential.
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