According to Odaily, Bitwise Chief Investment Officer Matt Hougan highlighted a notable divide between institutional and retail investors in the cryptocurrency sector. Institutional investors are reportedly more optimistic than ever about cryptocurrencies, viewing them as a prime area for capital allocation through record-breaking ETF investments. In contrast, retail investors are experiencing significant pessimism, with Bitwise's on-chain sentiment score reaching one of its lowest levels.
Hougan expressed confidence in the institutional perspective, noting that ETFs and corporations have acquired over 100,000 BTC this year, compared to the 18,000 BTC mined. He also pointed out that altcoin allocations are stronger than ever historically, although the situation with altcoins is more complex. As regulatory agendas become clearer, with the U.S. prioritizing stablecoins as a national issue and institutional confidence growing, the cryptocurrency industry is poised to bring DeFi applications to the mainstream. This shift is expected to have a profound and unstoppable impact.
