A crypto index fund executive outlined the potential bitcoin price impacts as investors controlling $100 trillion globally enter the market.
In a recent memo, Matt Hougon of crypto index fund manager Bitwise outlined the potential impacts of mainstream investment professionals allocating toward newly-listed spot bitcoin exchange-traded funds (ETFs).
“These investors control tens of trillions of dollars — globally, the best estimate is over $100 trillion — and they are just starting to move into crypto,” Hougon wrote. “A 1% allocation across the board would mean ~$1 trillion of inflows into the space.”
Source - The Street
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