Bitwise: Crypto Could Be Exposed to a $20T Industry
According to Matt Hougan, the chief investment officer at crypto asset manager Bitwise, once regulatory uncertainties are addressed by United States regulators, there is potential for the crypto space to gain exposure to the trillions in the financial advisory industry.
Hougan believes that regulatory uncertainty has been the main obstacle preventing financial advisors from increasing their involvement with crypto assets over the past five years.
However, as the US moves closer to establishing clear regulations for crypto, it could open up the industry to the $20 trillion financial advisory industry.
Hougan believes that if this barrier is lifted, a significant amount of this $20 trillion could potentially flow into the crypto space, which could have a major positive impact on the market.
In fact, he suggests that if Wall Street as a whole were to fully embrace crypto as a normal part of the market, it could have an even greater effect than BlackRock’s recent move into the industry.
