The 2 Types of Investors Driving Interest in Crypto - Ep.149

Matt Hougan, chief investment officer of Bitwise Asset Management, discusses a milestone Bitwise reached this week -- hitting $100 million in assets under management. He also covered

what has been driving interest in Bitwise products

the two types of customers who have been especially interested in purchasing crypto assets this year and why

what this says about the maturation of the industry compared to during the 2017 bubble

how conversations with Bitwise customers have changed since then

what impact this week's bullish JPMorgan research note about Bitcoin could have on investors and why it was so significant

what the significance will be of the integration of bitcoin, ether and other cryptocurrencies by PayPal next year 

how Microstrategy and Square putting Bitcoin on their balance sheets will pave the way for other corporations to do so

how the new Fed policy of targeting an average 2% inflation rate could affect Bitcoin

how recent regulatory actions, such as with BitMEX, affect the likelihood of a Bitcoin ETF being approved in the next few years

how a company like Bitwise, which interfaces with traditional investors, creates viable investment vehicles around DeFi for its clientele

what a Trump win vs. a Biden win could mean for the crypto industry

Thank you to our sponsor!

Crypto.com: http://crypto.com

Episode links:

Matt Hougan: https://twitter.com/Matt_Hougan

Bitwise: https://www.bitwiseinvestments.com

Bitwise reaches $100 million in AUM: https://www.prnewswire.com/news-releases/bitwise-surpasses-100-million-in-assets-under-management-due-to-rising-demand-for-crypto-from-hedge-funds-and-financial-advisors-301161317.html?tc=eml_cleartime

JPMorgan research note on Bitcoin: https://fortune.com/2020/10/26/jp-morgan-chase-bitcoin-predictions-analyst-jpm-cryptocurrency/

https://twitter.com/DTAPCAP/status/1319703750450302980?s=20

Matt's piece on the significance of the OCC letter giving banks the authority to custody crypto assets: https://www.forbes.com/sites/matthougan/2020/07/27/the-occs-notice-on-crypto-is-a-really-big-deal/

Matt's essay on how the Fed's new approach to inflation could affect Bitcoin: https://www.forbes.com/sites/matthougan/2020/09/22/this-new-fed-policy-could-be-a-game-changer-for-bitcoin/

Matt's post on DeFi: https://www.forbes.com/sites/matthougan/2020/07/13/why-ethereum-has-valuethe--opportunity-in-programmable-money--defi/#67e88a364818

News Recap:

https://unchainedpodcast.com/a-binance-decoy-for-us-regulators/