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Bitcoin is gaining considerable momentum, with the big boss of Bitwise Asset Management having strong faith in the cryptocurrency’s prospects.
The time has come for Bitcoin, says Bitwise CEO Hunter Horsley, citing the convergence of several forces behind its rising popularity and worth. This is while digital assets still hold the interest of both institutional investors and the public. Related Reading XRP Price Imminent Breakout: $5.30 On The Cards, Analyst Says 14 hours ago Big Institutions Onboard
One of the most significant changes in the financial sector is the increasing interest from large institutions. Horsley pointed out how companies such as BlackRock, which had earlier been critical of Bitcoin, are now significant holders. Bitcoin is a big idea who’s time has come
— Hunter Horsley (@HHorsley) March 26, 2025
This reversal on the part of institutional players in the financial space reflects broader recognition of Bitcoin as a legitimate asset class. The fact that these institutional players are now investing large amounts of money reflects long-term belief in the potential of Bitcoin. Easier Ways To Invest
The introduction of Bitcoin Exchange Traded Funds, or ETFs, in the United States has made it simpler for large institutions and regular investors to get into Bitcoin. These ETFs allow people to invest in Bitcoin without the inconvenience of buying and owning the cryptocurrency.
This accessibility has paved the way for additional capital to enter the Bitcoin market, which could stabilize prices and bring in a broader spectrum of investors. BTCUSD trading at $85,153 on the daily chart: TradingView.com States Consider Bitcoin Reserves
Surprisingly, some US state governments are considering the possibility of maintaining Bitcoin as part of their reserve funds.
According to Horsley, a number of states are looking at bills that would enable them to buy and hold Bitcoin. If the trend gains popularity, it can result in serious Bitcoin purchases from these states, further influencing demand and possibly price. Related Reading Dogecoin Set For 10x Surge? Elon Musk’s Anime X Post Sparks Hype 1 day ago Global Use Increases
Outside of the US, there is also evidence of growing international demand for Bitcoin. Horsley noted that other nations are even employing the crypto in foreign trade.
The Bitwise CEO points out that there has been a dramatic shift in the way individuals perceive Bitcoin. It’s no longer viewed by many as merely a speculative, fringe investment. Rather, it’s more a legitimate investment and a potential hedge against conventional financial systems.
This change of sentiment, combined with growing institutional adoption, more accessible investment channels, state-level interest possibilities, and expanding international usage, is a reflection of a mature asset of great potential, said the Bitwise big boss. Nevertheless, as with any investment, don’t forget that the crypto market is volatile.
Featured image from Gemini Imagen, chart from TradingView