Bitwise CEO: Wealth Managers Poised to Pour Hundreds of Billions Into Crypto
Analysis
Price Impact
HighWealth managers overseeing $30 trillion are poised to allocate hundreds of billions into crypto, even with small exposures (e.g., 0.5%), due to newly available bitcoin etfs and evolving compliance.
Trustworthiness
HighThe prediction comes from the ceo of bitwise, a significant institutional player, and is based on a detailed analysis of the vast capital pool managed by u.s. wealth managers and the gradual, but inevitable, regulatory and operational shifts enabling crypto adoption.
Price Direction
BullishA sustained influx of hundreds of billions of dollars from wealth managers into the crypto market, driven by new demand, will significantly increase asset prices, especially for bitcoin via etfs.
Time Effect
LongThe article emphasizes a 'slow build-out' as wealth managers integrate crypto into client portfolios, indicating a gradual and sustained capital flow over an extended period rather than an immediate, short-term spike.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Hunter Horsley, chief executive officer at Bitwise, has predicted that wealth managers are going to buy 100s of billions of crypto for their clients. Advertisement He has summarized the entire logic from Devin Ryan’s thread into one compact message. Small exposure matters The core idea is that enormous pools of slow-moving capital are finally waking up to crypto. U.S. wealth managers (financial advisors, broker-dealers, RIAs) and so on collectively manage $30 trillion. That’s the biggest pool of investable capital in the U.S. (far larger than hedge funds or VC). Advertisement Until recently, advisors legally couldn’t put client money into crypto, and compliance departments hadn’t approved crypto exposure. Moreover, custody requirements made Bitcoin impossible to hold in client accounts. So, although Bitcoin ETFs launched in early 2024, wealth managers did not immediately buy, even if they wanted to. Ryan’s point is that this slow build-out is normal and healthy. Even tiny allocations create massive flows If the industry moves reach 0.5% exposure, that alone produces hundreds of billions in inflows. #Bitcoin News