Bitwise CIO： In the long run, altcoins may bring considerable returns

Odaily Planet Daily News: Bitwise's Chief Investment Officer Matt Hougan stated in a report to clients that there is currently an interesting dichotomy between institutional and retail investors in the cryptocurrency industry: on the one hand, institutional investors' sentiment towards cryptocurrency is the most optimistic in history, while retail investors are falling into despair. Investment professionals now view cryptocurrency as an area where institutional capital is allocated at record amounts through ETFs; However, for individual investors, this is almost like living in another reality, as Bitwise's own on chain sentiment rating currently shows one of the lowest readings in history. Matt Hougan stated that he firmly believes the institution is right. So far this year, ETFs and companies have purchased over 100000 BTC, while 18000 BTC have been mined. And in the long run, the allocation of altcoins is stronger than at any time in history, but the situation of altcoins is more complex. With the clear regulatory agenda, the United States regards stablecoins as a "national priority" and the continuous strengthening of institutional confidence, the crypto industry is bound to push DeFi applications to the public, and its impact will be self-evident and unstoppable. （TheBlock）