Bitwise CIO says institutions mull adding Bitcoin to portfolios
Key Takeaways
- Institutions managing trillions of dollars are considering adding Bitcoin to their portfolios, according to Bitwise CIO.
- Bitwise reported managing over $15 billion in client assets as of the beginning of September.
Bitwise CIO Matt Hougan said that institutions managing trillions of dollars are considering adding Bitcoin to their portfolios.
Over 60% of institutional investors in the US are planning to increase Bitcoin exposure, according to recent industry reports.
Major financial firms including pension funds and endowments oversee more than $100 trillion in global assets.
Bitwise reported over $15 billion in assets under management as of early September. Bitcoin is currently valued at around $2.2 trillion by market capitalization.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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