Bitwise CIO Calls for Increased Bitcoin Allocations for Stability

Bitwise CIO Matt Hougan advocates for a higher allocation of Bitcoin in portfolios, suggesting increasing it from 1% to 5%. This shift is driven by Bitcoin’s reduced volatility and its status as a mainstream asset. Hougan cites the decrease in volatility post-ETF launch and increased institutional investment as key factors. This move signifies Bitcoin’s maturation and challenges the existing market dominance of gold.