Exploring the Alliance: Bitwise CEO on Banks and Cryptocurrency’s Interdependence
Hunter Horsley, co-founder and CEO of Bitwise, believes banks will play a crucial role in expanding cryptocurrency investment among many investors.
He predicts that within 12 months, perceptions will shift, and banks will be seen as “the best thing that ever happened to crypto.” Despite the historical view of banks as adversaries in the crypto space. Horsley argues for a complementary relationship. With banks entering the crypto investment market. He notes that banks manage the wealth of millions and could introduce Bitcoin to hesitant investors through financial advisors.
With some banks already allowing wealth managers to discuss cryptocurrency, Horsley envisions a significant expansion of this trend, potentially unlocking a $30 trillion market. He asserts that this change will transform public sentiment, revealing banks as catalysts for crypto adoption rather than obstacles. Despite regulatory constraints.
Clever Robot News Desk 16th October 2024
