SShortSingh.
Back to feed

Bitwise CIO predicts massive institutional capital shift into Bitcoin

0
·1 views

Bitwise Asset Management's Chief Investment Officer Matt Hougan has forecast a significant flow of institutional money into Bitcoin. He estimates that large capital pools globally control assets worth up to $200 trillion. According to Hougan, even a 1% reallocation of those funds toward Bitcoin could trigger substantial long-term growth for the asset. The projection highlights growing optimism around institutional adoption of digital assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

T. Rowe Price includes memecoins in crypto ETF, citing active investment strategy

Asset management giant T. Rowe Price, overseeing $1.9 trillion in assets, has included memecoins in its cryptocurrency ETF. The firm argues that ruling out established memecoins on principle would contradict its active approach to crypto investing. Rather than applying blanket exclusions, the manager appears to evaluate digital assets on a case-by-case basis. The decision signals a notable shift in how major traditional financial institutions are approaching the broader crypto asset class.

0
Crypto & Web3CoinDesk ·

U.S. Senate begins procedural vote on crypto Clarity Act ahead of September push

The U.S. Senate has initiated the first stage of its multi-step voting process for the crypto Clarity Act. Senate Majority Leader opened the procedure required to clear the bill's 60-vote threshold. The move keeps the legislation alive and on track for a potential vote in September. The procedural step is a standard hurdle bills must overcome before advancing to a full Senate vote.

0
Crypto & Web3CoinDesk ·

BTCPay Urges Immediate LND Updates After Lightning Server Credential Theft

A security exploit targeting Bitcoin Lightning Network infrastructure has emerged, with attackers successfully stealing credentials from Lightning payment servers. The breach allows malicious actors to gain control over Lightning wallets and potentially move funds without authorization. BTCPay, a widely used open-source Bitcoin payment processor, responded by issuing an urgent warning to its users running LND nodes. The company instructed affected users to either update their software immediately or take their servers offline to prevent further losses.

0
Crypto & Web3CoinDesk ·

XRP Ledger proposes encrypted token balances to attract Wall Street assets

A new amendment proposal for the XRP Ledger (XRPL) is targeting approximately $530 million in tokenized Wall Street assets. The proposal would allow institutions to encrypt token balances and transaction amounts on the blockchain. Despite the encryption, issuers, auditors, and regulators would retain selective access to the underlying data. The amendment is designed to meet institutional privacy requirements while maintaining regulatory compliance. The move signals a push to make XRPL more attractive to traditional financial institutions exploring tokenization.