Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios.
Speaking at the Barron’s Advisor 100 Summit in Palm Beach, Florida, Hougan shared insights on how some of the “most powerful people” in the financial industry are beginning to embrace digital assets like Bitcoin.
Personal Crypto Investments Leading The Way
During his keynote speech, Hougan engaged the audience by asking how many attendees owned Bitcoin or other cryptocurrencies in their portfolios. He noted that, while in previous years, only 10-20% of hands were raised, this year saw nearly 70% of attendees acknowledging personal crypto holdings.
This shift suggests that financial advisors are becoming increasingly familiar with and comfortable holding digital assets, signaling potential future adoption for client portfolios…