Bitcoin Down 44% From Its Peak, But Bitwise Still Sees A Path To $1 Million
Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by pointing out what it would take for....
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Despite Bitcoin (BTC) trading approximately 40% below its all-time highs and striving to maintain stability above the $70,000 mark, the long-term optimistic view on its value remains intact, particularly according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management. In a recent report titled “How Bitcoin Gets to $1 Million,” Hougan argues that Bitcoin […]
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]
Another day, another bold new Bitcoin price prediction: $1.3M by 2035. The world’s largest crypto has evolved from a niche digital asset to a major institutional holding. Crypto asset manager Bitwise sees that evolution continuing at a 28.3% compound annual growth rate (CAGR) over the next decade – far outperforming equities (6.2%), bonds (4.0%), and […]
Cryptocurrency-focused money manager sees inflows from hedge funds, financial advisors and family wealth-management offices.
Following the recent launch of multiple crypto ETFs, Bitwise Asset Manager’s CIO has forecasted a bright future for the firm’s Solana Staking Exchange-Traded Fund (ETF), as investors show strong initial interest in the investment product. Related Reading: November Preview: Will Bitcoin Break The Cycle Or Repeat It? Bitwise Solana Staking ETF Sees Strong Start On Tuesday, Bitwise CIO Matt Hougan predicted that the Bitwise Solana Staking ETF (BSOL) could attract significant institutional interest and become one of the leading investment products based on digital assets. Hougan argued that....