LIVEBitcoin Will Attract $1 Trillion From Institutions Amid 'Raging Bull Market': Bitwise Executive
Matthew Hogan of Bitwise said the best advice he could give traders is to “stay calm and take a long-term view.”
Matthew Hogan, chief investment officer at Bitwise, said institutional investors are likely to pump around $1 trillion worth of Bitcoin.
via exchange-traded funds (ETFs) as they slowly move into cryptocurrencies.
In a note sent to investment professionals, Hogan addressed concerns about Bitcoin price volatility, and with the asset bouncing between $60,000 and $70,000, the executive said the best approach was to “stay calm and take a long-term view.”
While the price appears unstable in the short term, Hogan pointed to several key events to look forward to in the coming months and years.
This includes halving Bitcoin and getting approval for spot Bitcoin ETFs on national account platforms, such as Morgan Stanley or Wells Fargo.
https://ar.cointelegraph.com/news/bitcoin-1-trillion-bull-market-bitwise-chief
