Bitwise’s chief investment officer Matthew Hougan expressed the expectation of a surge in interest from institutional investors in Bitcoin and an expected influx of 1 trillion dollars through investment funds. Hougan emphasized the need for long-term thinking in investment and overcoming concerns about the volatility of Bitcoin price.
Important Developments for Investors
Hougan listed the important developments awaiting the crypto market, including Bitcoin’s halving event and Bitcoin ETF funds to be approved by major financial institutions. These events indicate a significant impact on the market.
Hougan stated that institutions need to conduct formal evaluations before investing in Bitcoin, highlighting this process as a mandatory step.
Positive Expectations from Hougan
Hougan suggested that Bitcoin could follow a horizontal trajectory based on small changes in volatility, and he believes that in the long run, Bitcoin will continue to gain value.
Hougan stated that the approval of Bitcoin ETFs in January has given investment professionals a significant momentum and that the transition of institutional investors into the crypto market will take time, but it is an exciting process. He suggested that even allocating just 1% of global wealth managers’ portfolios to Bitcoin could result in a possible influx of 1 trillion dollars.
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