Investing in Bitcoin and cryptocurrencies has always been a rocky ride. Is the volatility worth it? ETF industry veteran and Bitwise executive Matt Hougan certainly thinks so.Generationally-Significant Opportunity
Sometimes it’s easy to forget that those of us investing in Bitcoin and cryptocurrencies right now are still the early adopters — and the potential for significant gains down the road is massive.
Bitwise Asset Management Vice President of Research and Development Matt Hougan recently appeared on Bloomberg Markets to discuss leaving the ETF industry in favor of “going all in on crypto” — where he made some seriously bullish statements on Bitcoin’s and other cryptocurrencies’ long-term potential.
First and foremost, Hougan — who started out in the ETF industry when it was still new and emerging — is attracted to cryptocurrency because he finds the space exciting and positively brimming with potential. He explained:
I was looking around for a new, potentially generationally-significant opportunity with interesting challenges — crypto is exactly it. The problems that crypto is trying to solve have total addressable markets in the trillions of dollars. That’s hugely interesting and exciting. And yet the institutional framework for evaluating crypto assets are still new and nascent … So it’s just an exciting space with an enormous amount of potential.