Bitwise CIO Matt Hougan on why institutions are only now coming around to $BTC "Old fact from early days of Bitwise, we've been doing this since 2017, is that our average client…
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Bitwise CIO Matt Hougan on why institutions are only now coming around to $BTC "Old fact from early days of Bitwise, we've been doing this since 2017, is that our average client allocates to us after…
Bitwise CIO Matt Hougan on why institutions are only now coming around to $BTC "Old fact from early days of Bitwise, we've been doing this since 2017, is that our average client allocates to us after 8 meetings." "If you count from when the ETFs launched, which was like two and a half-ish years ago, if you did a meeting every quarter after they launched, you're just sort of now getting to the point that you're accepting of Bitcoin." "That number of meetings is what it takes to normalize Bitcoin. There are other great firms doing it. Fidelity and BlackRock and VanEck and Franklin." "No one just sees it for the first time and accepts it. They see it and they study it. Central banks probably do one meeting a year, but after 8 years, they're going to get there too." "This sort of rule of eight is sort of how these institutions get onboarded into crypto. I think it's as simple as just the passage of time."
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