Financial advisors are still bullish on crypto, but stablecoins and blockchain applications are now attracting more institutional attention than Bitcoin.
Despite the current market downturn, Matt Hougan, chief investment officer at Bitwise, said recent conversations with more than 40 financial advisors showed that interest in crypto remains strong.
But their focus has shifted beyond Bitcoin.
In a recent blog post, Hougan said he spoke with advisory teams, who collectively manage more than $175 trillion, and the discussions reflected a broader change in how traditional finance views digital assets and could shape the next phase of crypto market growth.
