Bitwise Chief Investment Officer: more and more top financial advisors are allocating crypto assets in their personal portfolios

Bitwise Chief Investment Officer Matt Hougan said that more and more top financial advisors are allocating crypto assets in their personal portfolios, according to The Block. At last week's Barron's Advisor 100 Summit in Florida, Hougan mentioned that about 70 percent of advisors own bitcoin or other crypto assets, up from 10-20 percent in the previous two years.

While many advisors do not yet have Bitcoin allocated to their client accounts, Hougan predicted that as advisors' personal allocations increase, client investments follow closely behind and could change significantly within six to 12 months. He sees this as an important signal of increased acceptance of cryptocurrencies in the financial community.