Bitwise Chief Investment Officer: Bitcoin ETF may attract US$1 trillion in institutional investment
Bitwise's Chief Investment Officer, Matthew Hougan, stated that as institutional investors gradually enter the cryptocurrency field, they may inject up to $1 trillion into Bitcoin through ETFs. Specifically, if global wealth managers allocate 1% of their investment portfolio to Bitcoin on average, it means that about $1 trillion of funds will flow into the field. In a memo sent to investment professionals, Hougan addressed concerns about Bitcoin's price volatility. As Bitcoin rebounds between $60,000 and $70,000, he said the best approach is to "stay calm and focus on the long term."
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