The director of investments of the Crypto-Bitwise asset management company Matt Hougan says that traditional financing companies (TRADFI) are looking for higher yields in cryptocurrency space.
In a new interview on The Wolf of All Streets, Hougan says that after having made “tons of money” in funds (ETF) negotiated in exchange for Bitcoin (ETF), Tradfi companies are now looking for alternative opportunities in industry.
“They earned all this money. All this money sank into Bitcoin. The price increased by 140%. And what are they going to do?
Are they going to turn in like Kellogg (Stock)? No, they will turn into a circle and Ethereum and in cash. And now ETH treasury companies. And now Solana’s cash companies…
It will go to the end. It is certainly in Alts-Season in Tradfi. »»
The ILO CIO on the ILO claims that the tendency to invest in cryptographic cash companies is in an early phase. According to Hougan, the trend will only accelerate in the coming months.
“And I know that this is contrary to the account of the media, which seems to be a bubble point, we know, March 2000 on the internet. But we are not. We are in 1998. Like people are always excited.
The amount of flow that goes through my reception box is incredible. And if you are optimistic about the crypto generic, why do you think that this trend stops? If I think Bitcoin goes to $ 200,000, do I think this treasure treasure is increasing or decreasing? It is almost like a self-reproductive loop until it becomes exaggerated. And I don’t think we are still there.
https://www.youtube.com/watch?v=1FS2JPMIFDI
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