Crypto Is Attracting ‘Most Powerful People In Finance,’ Says Bitwise CIO—Here’s Why

Quick Summary:

Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios.

He explained that once advisors hold Bitcoin in their portfolios, they move from “skepticism to curiosity, and eventually, comfort.

Hougan pointed out that this is likely due to “restrictions” placed by broker-dealers, who have not yet allowed direct investment in spot Bitcoin exchange-traded funds (ETFs).

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: Hungary

Topics: Bitwise Bitcoin Adoption Crypto adoption BTCUSDT Crypto News Bitcoin Btc Crypto Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 23:30:45 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22701047

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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