Bitwise CIO Reveals His 12-Month Forecast for Bitcoin

Matt Hougan, CIO of Bitwise Asset Management, said on a CNBC program that he expects the amount of Bitcoin held by corporate companies on their balance sheets to double in the next 12 ￰0￱ trend is particularly strong with companies, as well as individuals, looking to hold between 5% and 10% of Bitcoin in their portfolios, according to ￰1￱ News: One of the US's Most Important Regulatory Agencies, Hires the CEO of a Surprise Altcoin Company According to data from Bitcointreasuries, more than 180 publicly traded companies have already added Bitcoin to their balance ￰2￱ noted that the “digital asset treasury” (DAT) model pioneered by MicroStrategy initially saw rapid growth but has now entered a more balanced consolidation phase.

However, he noted that these companies are slowing down their purchases rather than selling, and are increasingly shifting to crypto ￰3￱ stated that he sees recent market pullbacks as opportunities, predicting that inflows into Bitcoin ETFs will accelerate, especially in the final quarter of the ￰4￱ also emphasized that institutional adoption is the real story in the cryptocurrency market: “Data shows that companies are still buying Bitcoin, Ethereum, and ￰5￱ long as this trend continues, I see no reason to dismiss this story.” *This is not investment ￰6￱ Reading: Bitwise CIO Reveals His 12-Month Forecast for Bitcoin