According to PANews, Bitwise Chief Investment Officer Matt Hougan said in the company’s latest weekly investor report that as due diligence is completed and further investments are approved, institutions are expected to inject more than 1 billion into Bitcoin through ETFs in the next year. Trillions of dollars. Hougan urges investment professionals to maintain a long-term view amid the current volatile state of the cryptocurrency market, especially Bitcoin.
Hougan pointed out that there have been historic inflows of $120 billion since the ETF was launched, and he assumed that even if global wealth managers allocated 1% of their assets to Bitcoin on average, there would be approximately $1 trillion of inflows. In one area, this far exceeds current investment levels. This comparison highlights the early stages of cryptocurrency adoption by the investment community and the huge potential for growth. Hougan summed up this sentiment with the phrase “100% water, 99% waiting.”
