Latest news with #HunterHorsley
Yahoo
26-05-2025
- Business
- Yahoo
Bitwise CEO Says, 'CoinMarketCap Leaderboard Era Of Crypto Is Close To Its End,' Backs Thesis-Based Investing
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise CEO Hunter Horsley has suggested that the era of investing in cryptocurrencies primarily based on market capitalization is ending. Horsley is betting on a new age that bears similarities to investing in companies on Wall Street. Bitwise CIO Matt Hougan has recently urged cryptocurrency investors to look beyond Bitcoin. For most people looking to dip their toes in the cryptocurrency market for the first time, the instinctive thing to do for years has been to scan the list of top coins on aggregation platforms like CoinMarketCap and CoinGecko and pick an asset that seems to align with them. But this approach to cryptocurrency investing may soon be at an end as the market matures, according to Bitwise CEO Hunter Horsley. 'I think the CoinMarketCap leaderboard era of crypto is close to its end,' Horsley said on Wednesday. He drew parallels to Wall Street, noting that investors did not pick companies by comparing market capitalizations. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'Is it interesting to invest in Walmart? Adobe? Mastercard? Johnson & Johnson?' He quizzed rhetorically. 'You don't answer that question by looking to see how their ranking in the S&P and market caps compare. You don't invest in Exxon because its market cap is cheaper than Eli Lilly & Co.' Horsley said that instead, investors made picks by building a thesis around the business, considering its place in the market and prospects. 'I think that's what's coming in crypto,' he said. 'These things are not all the same.' Indeed, the idea of narrative-driven investing has been gaining momentum in recent years as new sectors emerge in the market, such as tokenization, games, middleware services, and even AI projects. Trending: New to crypto? on Coinbase. Last week, Bitwise investment chief Matt Hougan advocated for cryptocurrency investors to look beyond Bitcoin and diversify their portfolio across several verticals. He compared the cryptocurrency landscape to the internet in 2004. Hougan noted that many would have been tempted to invest in only Google at the time due to the dominance of search, but added that while that would have paid off, it wouldn't have been the best strategy in hindsight. 'Google did exceptionally well. Today it's one of the most valuable assets in the world. But other categories did well, too- in fact, the best performer turned out to be Netflix. That wasn't obvious in 2004,' he said. Hougan said that, like the internet, blockchain is a general-use technology. He added that, as such, it is hard to predict which vertical will outperform in the next decade. 'History suggests you'd want to own a basket of crypto assets,' he said. 'Don't fret about picking winners; invest in the big picture.' Still, it is hard to blame most new investors for getting overwhelmed, as there are thousands of projects to choose from, and risks tend to increase the smaller the project. Underscoring these risks, CoinGecko reported in April that over 50% of cryptocurrencies have failed. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Bitwise CEO Says, 'CoinMarketCap Leaderboard Era Of Crypto Is Close To Its End,' Backs Thesis-Based Investing originally appeared on
Yahoo
26-05-2025
- Business
- Yahoo
Bitwise CEO Says, 'CoinMarketCap Leaderboard Era Of Crypto Is Close To Its End,' Backs Thesis-Based Investing
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise CEO Hunter Horsley has suggested that the era of investing in cryptocurrencies primarily based on market capitalization is ending. Horsley is betting on a new age that bears similarities to investing in companies on Wall Street. Bitwise CIO Matt Hougan has recently urged cryptocurrency investors to look beyond Bitcoin. For most people looking to dip their toes in the cryptocurrency market for the first time, the instinctive thing to do for years has been to scan the list of top coins on aggregation platforms like CoinMarketCap and CoinGecko and pick an asset that seems to align with them. But this approach to cryptocurrency investing may soon be at an end as the market matures, according to Bitwise CEO Hunter Horsley. 'I think the CoinMarketCap leaderboard era of crypto is close to its end,' Horsley said on Wednesday. He drew parallels to Wall Street, noting that investors did not pick companies by comparing market capitalizations. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'Is it interesting to invest in Walmart? Adobe? Mastercard? Johnson & Johnson?' He quizzed rhetorically. 'You don't answer that question by looking to see how their ranking in the S&P and market caps compare. You don't invest in Exxon because its market cap is cheaper than Eli Lilly & Co.' Horsley said that instead, investors made picks by building a thesis around the business, considering its place in the market and prospects. 'I think that's what's coming in crypto,' he said. 'These things are not all the same.' Indeed, the idea of narrative-driven investing has been gaining momentum in recent years as new sectors emerge in the market, such as tokenization, games, middleware services, and even AI projects. Trending: New to crypto? on Coinbase. Last week, Bitwise investment chief Matt Hougan advocated for cryptocurrency investors to look beyond Bitcoin and diversify their portfolio across several verticals. He compared the cryptocurrency landscape to the internet in 2004. Hougan noted that many would have been tempted to invest in only Google at the time due to the dominance of search, but added that while that would have paid off, it wouldn't have been the best strategy in hindsight. 'Google did exceptionally well. Today it's one of the most valuable assets in the world. But other categories did well, too- in fact, the best performer turned out to be Netflix. That wasn't obvious in 2004,' he said. Hougan said that, like the internet, blockchain is a general-use technology. He added that, as such, it is hard to predict which vertical will outperform in the next decade. 'History suggests you'd want to own a basket of crypto assets,' he said. 'Don't fret about picking winners; invest in the big picture.' Still, it is hard to blame most new investors for getting overwhelmed, as there are thousands of projects to choose from, and risks tend to increase the smaller the project. Underscoring these risks, CoinGecko reported in April that over 50% of cryptocurrencies have failed. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Bitwise CEO Says, 'CoinMarketCap Leaderboard Era Of Crypto Is Close To Its End,' Backs Thesis-Based Investing originally appeared on
Business Mayor
22-05-2025
- Business
- Business Mayor
Nobody cares – Fear I Already Missed Out may be overpowering FOMO in Bitcoin market
Bitcoin trades above $110,000 today, while Google Trends data for 'bitcoin' sits at 38. This afternoon, a Midtown Manhattan barista will glance at a phone ticker showing $110,630. He'll shrug and keep steaming milk. The mood lines up with the data as searches for the word have stayed in the low-40 band for months, the same range seen when Bitcoin cost under $30,000. Perhaps we're now entering 'FIAMO,' short for fear I already missed out. Bitcoin search trends (Source: Google) Big money is moving instead. BlackRock's iShares Bitcoin Trust regularly brings in multiple times more than miners create. Bitwise chief Hunter Horsley noted the contrast. 'Public interest, especially among ordinary investors, has substantially dropped,' he told FinanceFeeds, 'even as price rockets to fresh highs.' Numbers back FIAMO Narrative Exchange volume numbers back the FIAMO narrative as Coinbase cleared $78 billion in retail trades during the first quarter of 2025, barely half the average seen in 2021. The exchange saw explosive growth in 2021 as retail activity ballooned more than 7-fold versus 2020, mirroring the overall crypto bull run. Then, crypto winter hit retail hardest, volumes fell 69% in 2022 and another 55% in 2023. In 2024, a rebound in prices, approval of U.S. spot-Bitcoin ETFs, and improved market sentiment drove retail volume up 195 % year-on-year. Now, Q1 2025 retail spot volume is down from the exceptional Q4 2024 but still above any quarter in 2023, helped by Bitcoin's new all-time highs early in the year. People can't or won't buy a whole coin, and many still feel that fractions look like scraps. While unit bias is just arithmetic, it is very powerful psychologically. Exchanges push to 'buy $10 of BTC,' yet a six-figure sticker keeps newcomers frozen. Owning 0.001 BTC feels small, even though it equals the full spot price of 2013. Until wallets talk in satoshis, that mental block will linger. Also, memories of the 2022 wipe-out still sting, with many awaiting redemptions or having lost considerable sums. FTX, Celsius, and Three Arrows vanished in weeks, erasing life savings and confidence. Many small traders promised themselves they would never chase parabolic charts again. That promise now shows up in every flat search curve. Veteran desks say the lull will not last as capital that flows through ETFs often filters into broader retail channels later, once friends and family notice the gains on retirement statements. A similar lag followed the gold-ETF boom in 2005. So the next wave may arrive with a gentler face, automatic paycheck purchases rather than late-night leverage. However, pension funds in Wisconsin won't see the gains anymore after it sold all of its Bitcoin ETF holdings for a considerable profit. Still, quiet search charts have fooled the crowd before. In past cycles, the Google curve peaked months after price highs, once headlines seeped through to casual investors. If history rhymes, FIAMO could flip back to plain old FOMO. Politics and Bitcoin Politics now also adds another layer to the Bitcoin and crypto Zeitgeist. President Donald Trump believes that 'Our country must be the leader in the field' and is a staunch Bitcoin proponent, aiming to roll out a Strategic Bitcoin Reserve. The shift in Trump's attitude to Bitcoin turns Bitcoin from a rebel asset to a state resource, a shift that can't help but dull the thrill for some weekend traders, especially those outside the US with a 'less than favorable' view of the man. Aligning Bitcoin so closely with right-of-center politics is likely to negatively affect those on the other side of the political spectrum. However, I believe the blame for politicizing Bitcoin is bipartisan. Politicians who revile Trump's broader policies should compartmentalize Bitcoin from those issues. Bitcoin has no party and no politics within the traditional financial system. Until we are free from fiat, it is Bitcoin or nothing. As Satoshi said, 'Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.' For now, the signals are plain: ETFs soak up supply, policy wraps bitcoin in reserve language, and Google's trend line hardly moves. The largest digital asset continues to smash all conceivable records while most onlookers barely look up.
Yahoo
09-05-2025
- Business
- Yahoo
Disillusionment With 60/40 Portfolio Will Lead To More Bitcoin And Crypto In Portfolios: Bitwise CEO
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitwise CEO Hunter Horsley has suggested that growing disillusionment with the 60/40 portfolio will benefit Bitcoin and other cryptocurrencies. Bitcoin has been hailed as a hedge against risks to the legacy financial system. Gaining Bitcoin and cryptocurrency exposure is no easy task. Investing is a tricky business, especially for individual retail investors who may be unable to access, understand, or keep up with business and financial data. One of the ways the business of investing has been simplified for many is through the development of the 60/40 portfolio split strategy, which has offered investors a great balance between growth and income for decades. However, there has been growing disillusionment with this traditional split in recent years amid changing market dynamics. One market expert suggests that this will likely benefit Bitcoin and other cryptocurrencies. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Bitwise CEO Hunter Horsley has suggested that growing disillusionment with the 60/40 portfolio will benefit Bitcoin and other cryptocurrencies. '60/40 isn't doing what it used to. This is part of what will lead to the inclusion of more Bitcoin & crypto in portfolios: portfolios are going to be rethought more generally,' Horsley said on Monday. Horsley said this in response to data from Creative Planning Chief Market Strategist Charlie Bilello, highlighting that the bond market has been in a drawdown since August 2020, about 57 months, its longest such spell on New to crypto? on Coinbase. His sentiments come as the core idea behind the 60/40 split is that bonds are supposed to rise when equities are down and vice versa. But during this bond market drawdown, equities have gone through bull and bear cycles, putting the effectiveness of the traditional split in doubt and making alternative assets like cryptocurrencies potentially more attractive as diversifiers. Bitcoin, in particular, has been hailed as a potential hedge to risks to the legacy financial system, disconnected from stocks and bonds. And amid President Donald Trump's tariff chaos, the asset appears to be living up to these expectations, breaking away from U.S. equities in recent weeks. BlackRock (NYSE:BLK), the $12 trillion investment company, has previously suggested a 1% to 2% Bitcoin allocation in a traditional 60/40 portfolio. Horsley's statement suggesting a potential rise of Bitcoin and cryptocurrency interest amid concerns around the 60/40 split adds to a broader argument recently made by Bitwise investment chief Matt Hougan. According to Hougan, Bitcoin will likely emerge as the winner when the dust settles on the recent market chaos. But despite this talk of adoption, the path to holding Bitcoin and other cryptocurrencies remains riddled with technical complexity and regulatory red tape for most ordinary investors. While Bitcoin exchange-traded funds are supposed to bridge this gap, most banks remain cautious, restricting wealth advisors from soliciting investments into them. Hougan said last week that the big four wirehouses, Merrill Lynch, Morgan Stanley (NYSE:MS), Wells Fargo (NYSE:WFC) and UBS (NYSE:UBS), seemed likely to lift these restrictions on soliciting investments for Bitcoin ETFs by year-end. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock Send To MSN: 0 This article Disillusionment With 60/40 Portfolio Will Lead To More Bitcoin And Crypto In Portfolios: Bitwise CEO originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
Bitwise Joins iCapital ® Marketplace To Expand Access to Investment Opportunities in Crypto
SAN FRANCISCO--(BUSINESS WIRE)--Global crypto asset manager Bitwise Asset Management announced today a partnership with iCapital 1, the global fintech platform driving the world's alternative investment marketplace for the wealth and asset management industries, to add Bitwise to iCapital Marketplace. 'Crypto is rapidly emerging as a new alternative asset class, with unique drivers that can make it a compelling diversifier in portfolios for investment professionals,' said Bitwise CEO Hunter Horsley. 'We've seen that trend intensify in 2025 as institutions, family offices, and wealth managers have begun to engage more with the space. We're proud to bring these investors new ways to tap into crypto's opportunities with iCapital, the platform so many investment professionals rely on to understand, access, and manage alternatives.' Users of iCapital Marketplace are now able to access Bitwise's active crypto strategies that seek to capitalize on the alpha opportunities in the crypto space. Seeking exceptional risk-adjusted returns through carefully managed volatility and low correlation to traditional assets, Bitwise's multi-strategy approach includes non-directional, tactically directional, long bias, and special situations strategies. The solutions are managed by a Bitwise team that includes some of crypto's top experts in portfolio management, derivatives, and risk analysis. iCapital's Marketplace provides an all-digital investment platform that connects more than 100,000 financial professionals with a broad selection of alternative investment opportunities offered by the world's largest asset managers—all on one simple and integrated platform. Founded in 2017, Bitwise offers industry-leading education and a broad suite of professional investment products spanning ETFs, private funds, active solutions, separately managed account strategies, and staking. The firm serves as a partner to thousands of investment professionals and financial institutions looking to understand and access bitcoin and other crypto assets. RISKS AND IMPORTANT INFORMATION No Advice on Investment; Risk of Loss: Prior to making any investment decision, each investor must undertake its own independent examination and investigation, including the merits and risks involved in an investment, and must base its investment decision—including a determination whether the investment would be a suitable investment for the investor—on such examination and investigation. Crypto assets are digital representations of value that function as a medium of exchange, a unit of account, or a store of value, but they do not have legal tender status. Crypto assets are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies, stocks, or bonds. Trading in crypto assets comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks and risk of losing principal or all of your investment. In addition, crypto asset markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. Crypto asset trading requires knowledge of crypto asset markets. In attempting to profit through crypto asset trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial crypto asset trading. Crypto asset trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. The opinions expressed represent an assessment of the market environment at a specific time and are not intended to be a forecast of future events, or a guarantee of future results, and are subject to further discussion, completion and amendment. The information herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice, or investment recommendations. You should consult your accounting, legal, tax or other advisors about the matters discussed herein.
