"Bitcoin Could Attract Trillion Dollar Investment."

Matthew Hougan from Bitwise stated that the best advice he could give to investors is to "stay calm and think long-term."

Bitwise's Chief Investment Officer Matthew Hougan pointed out that as institutional investors gradually make their way into the cryptocurrency market, they could invest up to $1 trillion in Bitcoin through exchange-traded funds (ETFs).

In a note to investment professionals, Hougan addressed concerns about the volatility of Bitcoin's price. During its fluctuation between $60,000 and $70,000, the executive's advice was to "remain calm and plan for the long term."

Matthew Hougan emphasized that despite short-term price instability, there are many exciting developments ahead in the coming months and years.

Among these developments are Bitcoin's halving and the approval of spot Bitcoin ETFs on major national account platforms like Morgan Stanley or Wells Fargo.

Hougan stressed the importance for investment committees and advisors to conduct a formal evaluation before investing in Bitcoin. He deemed this step as necessary before making any investment decisions.

While awaiting these significant developments, Hougan suggested that Bitcoin prices may exhibit sideways movement in response to minor sensitivity changes but underscored that the long-term perspective is different. According to Hougan:

"In the long term, we believe Bitcoin is in a strong bull market. Its nearly 300% increase over the past 15 months is just the beginning, and we have strong reasons to believe it will continue."

Hougan noted that the approval of spot Bitcoin ETFs in January made cryptocurrency significantly more accessible for investment professionals.

Moreover, he believes that the process of large investment professionals gradually entering the crypto market will take years rather than months. Hougan stated that the $12 billion influx into ETFs is the "most successful ETF launch of all time" and could signal further investment.

Hougan believes that allocating 1% of global asset managers' portfolios to Bitcoin could mean an influx of approximately $1 trillion into the sector.

"A 1% allocation across the board would translate to roughly a $1 trillion inflow into the sector. Thus, $12 billion is just a down payment," he added.

You can stay up-to-date with developments and the latest news in the cryptocurrency markets by following Kriptospot.com.