🟩 Influential figures in the financial sector have started investing in cryptocurrencies. This was stated by Matt Hougan, Chief Investment Officer (CIO) of Bitwise Exchange, after speaking at the Barron’s Advisor 100 Summit. According to him, two years ago, only 10-20% of people held crypto assets, but by 2024, that number has increased to at least 70%.
🟩 Hougan also noted that few people in the room hold Bitcoin, as “many of these advisors work for brokerage firms that don’t even allow them to purchase Bitcoin ETFs yet.”
🟩 The expert mentioned several factors that he believes are positive for the crypto market: the first interest rate cut by the Federal Reserve in four years, and the approval of Bitcoin ETFs and Bitcoin ETF options.