Trillions in institutional money to flow into bitcoin, says Bitwise's Matt Hougan
60-second summary
Trillions of dollars in institutional money are set to flow into bitcoin, according to Bitwise's Matt Hougan, the digital asset manager's CIO. He estimates large capital pools control up to $200 trillion globally, with just a 1% shift toward bitcoin potentially unlocking massive long-term growth for the cryptocurrency market, driving prices and investor confidence upwards significantly.
The digital asset manager's CIO says large capital pools control up to $200 trillion globally, and just a 1% shift toward bitcoin could unlock massive long-term growth.