In a recent interview, Hunter Horsley stated that many family offices are quietly entering the cryptocurrency space, with very few public announcements being made. Curiously, if one were to peruse the profiles of similar management firms on platforms like LinkedIn or their respective websites, there would be absolutely no mention of their Bitcoin holdings. This has led Horsley to believe that there is a substantial amount of undisclosed interest in Bitcoin among these organizations.
“Many investment advisors are not only aware of what Bitcoin is, but they are seriously considering it as a long-term investment and exploring how it can strategically fit into their clients’ investment portfolios,” stated Horsley confidently.
The CEO of Bitwise believes that this growing interest from traditional companies signals a significant turning point in the adoption of Bitcoin. He further suggested that the upcoming halving event, in which the block rewards for miners are cut in half, could be a potential catalyst for a surge in Bitcoin’s value. In fact, Horsley went as far as to predict that the BTC price could reach a staggering $100,000 following the halving. However, he believes that the market is greatly underestimating the significance of this event.
According to analysts at Bitwise Asset Management, the Bitcoin rate is projected to reach new historical highs and potentially surge to $80,000 by 2024, as stated in their December forecast.