Bitwise CIO Matt Hougan: 'The Most Powerful People In Finance Are Allocating To Crypto'
Portfolio Pulse from Murtuza Merchant
Bitwise CIO Matt Hougan reports a significant increase in personal crypto investments among top financial advisors, with 70% indicating ownership of Bitcoin or other crypto assets. However, professional allocations remain low, suggesting potential future growth in client portfolios.
September 24, 2024 | 4:24 pm
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There is a significant increase in personal Bitcoin investments among top financial advisors, with 70% indicating ownership. This suggests a potential future increase in professional allocations to Bitcoin, which could drive its price up.
The increase in personal Bitcoin investments among influential financial advisors suggests a growing acceptance of Bitcoin. Historically, personal investments by advisors precede client allocations by 6-12 months, indicating a potential future increase in demand for Bitcoin, which could positively impact its price.
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