“The most influential people in the field of finance have started investing in cryptocurrency, and others will follow. Bitwise Chief Investment Officer (CIO) Matt Hogan made this statement. The expert shared a visual experiment he conducted to analyze the situation. Every time Hogan speaks at the Barron’s Advisor 100 summit, he asks for a show of hands from those who own bitcoin or other crypto assets. Two years ago […]”, — write: businessua.com.ua
The most influential people in the field of finance have started investing in cryptocurrency, and others will follow. Bitwise Chief Investment Officer (CIO) Matt Hogan made this statement.
The expert shared a visual experiment he conducted to analyze the situation.
Whenever Hogan speaks at the Summit of America’s Top Financial Advisors Barron’s Advisor 100he’s asking for a show of hands from those who own bitcoins or other crypto-assets.
Two years ago, about 10-20% responded to the request, at the last speech about the same number. On September 20, 2024, at least 70% of the councilors in the hall raised their hands.
“There’s a very complicated technical word that economists use to describe this kind of phenomenon: ‘Wow,'” noted CIO Bitwise.
At the same time, few people raised their hands when asked how many of those present had bitcoins in their client accounts. Many of them work for broker-dealers that do not yet allow you to buy Bitcoin ETFs.
“But it will come. After working at Bitwise for seven years, I realized one thing: consultants almost always allocate funds to their personal accounts first. Customer rollout typically takes 6-12 months,” added Hougan.
The expert noted that many bullish signals could be singled out today: the Federal Reserve’s rate cut, Morgan Stanley’s offer to its clients of bitcoin ETFs, or the SEC’s approval of options on these funds, but “the raising of hands in Palm Beach is one of the strongest signs.”
Earlier, Hogan said that ether has recently been criticized for its negative price dynamics, but in the end it will look foolish.
In September, he supported the launch of an ETF on memecoins.
It will be recalled that in August, the top manager of Bitwise came to the conclusion that the crypto industry is “not optimistic enough.”
The source