Bitwise Chief Investment Officer: An increasing number of top financial advisors are allocating crypto assets to their personal portfolios
Matt Hougan, chief investment officer of Bitwise, said that more and more top financial advisors are allocating crypto assets in their personal portfolios. At last week's Barron's Advisor 100 Summit in Florida, Hougan mentioned that about 70% of advisors own bitcoin or other crypto assets, compared to only 10% -20% in the previous two years.
While many advisors do not yet have Bitcoin in their client accounts, Hougan predicts that client investments could change significantly in six to 12 months as individual advisors increase their allocations, which he sees as an important signal of increased acceptance of cryptocurrencies in the financial world.