Trillions in institutional money to flow into bitcoin, says Bitwise's Matt Hougan
Bitwise's Matt Hougan predicts that institutional capital will drive the next phase of Bitcoin's growth, potentially pushing prices to $1.3 million by 2035. He suggests that as financial advisers and pension funds increase their allocations, Bitcoin will capture a significant share of the store-of-value market.
The first professional investors to allocate at scale will be financial advisers and family offices, Hougan said in an email interview on Friday. The shift, said Hougan, is already visible in 13F filings for spot bitcoin ETFs and in moves by large wealth firms, including Morgan Stanley and Wells Fargo, to make bitcoin more accessible to clients.
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