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95% of the world’s largest investors have zero exposure to bitcoin, but 95% of all bitcoin is already owned.
Matt Hougan
5,367 posts
Matt Hougan
@Matt_Hougan
CIO @Bitwise. Co-founder @FutureProof_HQ. Previously CEO @ETFcom. Husband, father, & runner (when I find time).
- There is an absolutely massive disconnect between retail and professional sentiment in crypto right now. Retail sentiment is the worst it's been in years, while professional investors are extraordinarily bullish. It's like living in two completely separate worlds.
- Coinbase raised money in 2018 at an $8b valuation. It's currently trading at a $9b valuation. Meanwhile: 2018 Revenues: $520m 2022 Revenues: $3.3b 2018 Users: 22m 2022 Users: 101m 2018 Assets on Platform: $11b 2022 Assets on Platform: $101b
- Coinbase is a $90 billion company growing revenues by 465%+ per year with profit margins of 44%. Folks, this doesn't happen. Large financial competitors sat on the sidelines for so long, terrified of crypto. Now, it's too late. Incredible story.
- I can't stop thinking about this quote from US Secretary of Treasury Scott Bessent: [W]e are going to keep the U.S. the dominant reserve currency in the world, and we will use stablecoins to do that. However big you think stablecoin AUM will get, you're probably thinking too
- Bitcoin is rallying because they broke the economy. And the way they’ll "fix" the economy will make bitcoin rally harder.
- 1/ Today @NYSE filed for a Bitwise Bitcoin ETF! It would hold actual BTC, *not* futures. There’s already a separate BTC futures-based Bitwise ETF filing. But actual BTC is better. And we believe it’s finally possible. We're sharing 100+ pages of analysis on why. Thread—
- Impacts of the Strategic Bitcoin Reserve 1) Dramatically reduces the likelihood the US government will some day "ban" bitcoin; 2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves; 3) Accelerates the speed at which other nationsJust a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it
- 1/The traditional four-year cycle is over in crypto. A thread on what's changing.🧵
- Until bitcoin hits $1 million, we're still early.
- Working on our 2025 predictions right now. Sneak peak: 2025 is gonna be wild.
- 1/12 All of my friends who are reflexively skeptical of NFTs should spend a bit of time thinking about Damien Hirst’s project, The Currency.
- About to orange pill a room of financial advisors that manage >$1 trillion at the Barron’s Top 100 Conference. Wish me luck!
