Bitwise Asset Management Declares Optimal Time to Purchase Bitcoin
Bitwise Asset Management's latest memo, "The Great Derisking of Bitcoin," authored by CIO Matt Hougan, argues that now is an optimal time to invest in Bitcoin due to its improved risk profile. Key points include:
- Bitcoin has successfully overcome significant risks since its inception.
- Improvements in trading platforms and custodial services have reduced barriers for investors.
- The introduction of spot Bitcoin ETFs in 2024 has enhanced institutional acceptance.
- Recent U.S. policy changes, including the establishment of a Strategic Bitcoin Reserve, have mitigated fears of government bans on Bitcoin.
- Institutional allocations to Bitcoin are increasing, with some clients moving from 1% to nearly 3% in their portfolios.
- Hougan predicts allocations could rise to 5% as perceptions of Bitcoin shift from speculative to credible asset.
As of now, Bitcoin trades at $87,865.
