Bitcoin (BTCUSD)

[ap17]

nut shell:

THE MAINSTREAM ERA 💸
The launch of the ETFs was Bitcoin’s IPO moment.

Bitcoin’s mainstream era has only just begun.

That’s the latest message out from Hunter Horsley.

Hunter
Hunter Horsley is the co-founder and CEO of Bitwise, one of the Bitcoin ETF issuers.

Which means he has a unique inside look into what’s going on behind the scene. 🫣

In his latest interview, Horsley explained the significance of the Bitcoin ETFs.

Hunter believes that there’s been a clear shift in Bitcoin’s perception as an investable asset.

Investment professionals are now trying to understand Bitcoin. (That’s a big deal)

“It felt to me like a new chapter for Bitcoin. In a moment where it’s viewed as not a crazy idea but something that should be figured out by professionals. A lot of people have moved on from ‘what is this crazy thing’ to ‘what should I be doing about it’. It’s very exciting to see it elevate to a new type of conversation.”


Hunter Horsely
Horsley even goes so far as to compare the launch of the ETFs to an IPO.

Now everyone can invest in Bitcoin, on platforms that they are familiar with.

“The Bitcoin ETF launching was almost like the IPO of Bitcoin… Every investor in America can invest in Bitcoin today in a first class vehicle that they use for every other investment.”


Hunter Horsley
Hands up if you’ve heard us say “the institutions are coming” recently… 🙋‍♂️

(we even mentioned it at the start of this newsletter…)

Well, Hunter was asked this exact question:

Are the institutions really coming?

And here’s what he had to say:

(keep in mind Bitwise has been around for 6.5 years, so they have a good point of comparison)

“Adoption amongst investment professionals has accelerated this year. In the first quarter we had 150 firms invest with us for the first time ever. Incredibly rapid… But it’s not done. It has begun…


Hunter Horsley
Horsley explains that the due diligence that these large firms undergo can take a lonnnggggg time.

That’s why Hunter states that institutional adoption has only just begun.

Closing out the interview, Hunter gave a prediction on where he sees Bitcoin going over next year.

“I think it will go from being a thing that feels uncommon to a thing that feels common. The momentum will be towards this being a mainstream asset that investors should be taking advantage of.”