Bitwise: The most powerful people in the financial industry are starting to own cryptocurrencies
Matt Hougan, the chief investment officer of Bitwise, attended the Barron's Advisor 100 Summit three times in a row, which brings together the top financial advisors in the United States. Participating in the summit speech, Hougan did a live assessment to find out whether the audience was a cryptocurrency expert or a novice, a proponent or a skeptic.
Two years ago, when I asked the same group of people, only a handful of hands were raised - maybe 10 or 20 percent, he says. Last year, it was about the same. This year, almost everyone in the room raised their hands. I don't have an exact number, but I estimate that at least 70 percent of the consultants in the room raised their hands.
Hougan believes that the most powerful people in the financial industry have finally started investing in cryptocurrencies. When this trend spreads from them to their customers, things will soon get interesting.