Matt Hougan, chief investment officer of Bitcoin and crypto asset manager Bitwise Investments, claims the “most powerful people in finance” are allocating to Bitcoin and crypto.

In a memo, Hougan described a telling moment at a recent financial advisor summit hosted by Barron’s magazine. When asked, nearly every attendee said they owned Bitcoin and crypto assets personally.

Bitwise is a major Bitcoin and crypto index fund provider managing over $4.5 billion in assets. Earlier this year, the company secured regulatory approval for the first Bitcoin exchange-traded…

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