Hunter Horsley started the panel by saying that we are entering a new chapter in 2025 with the change in the regulatory circumstances.
At the 2025 Bitcoin Conference in Las Vegas, the Founder and CEO of Kelly Intelligence Kevin Kelly, the Chief Executive Officer of Bitwise Asset Management Hunter Horsley, the CEO of BitGo Mike Belshe and the Advisor of WBTC Justin Sun talked about the future of financial products in the globe.
Hunter Horsley started the panel by saying that we are entering a new chapter in 2025 with the change in the regulatory circumstances.
“In the US wealth managers manage between 30 and 60 trillion dollars,” said Horsley. “If wealth managers wind up allocating 1% to the space on behalf of their clients, helping their clients access the opportunities here that are hundreds and billions of dollars.”
JUST IN: ?? $12 billion Bitwise CEO Hunter Horsley says if wealth managers allocate 1% to #Bitcoin, “that's hundreds of billions of dollars.” ? pic.twitter.com/4OhoBjwDYREconomic Impact: As of 1Q23, 79 public companies had disclosed a total of 599K #BTC holdings, according to the chart from Glassnode. From the image above, the disclosed value of BTC holdings is $12 billion.
The disclosed value of Bitcoin holdings by U.S. public companies has risen to $12 billion as of 1Q23, according to Glassnode.
The Bitcoin industry is heating up with more companies adopting this and hundreds of thousands of Bitcoin being put onto more balance sheets.
“Corporations are buying Bitcoin,” commented Horsley. “It’s an extraordinary theme of this year. As of the first quarter of this year, 79 publicly traded companies had put Bitcoin on their balance sheet. Over 600k Bitcoin and there is only 21 million Bitcoin. It’s a lot of Bitcoin”
Justin Sun closed the panel by stating, “the progress we are making here in the United States really matters because as we all further encourage people around the world to get into the Bitcoin industry.”
“Once Bitcoin passes this kind of stage and gets institution adoption in the United States will accelerate that option globally,” said Sun.
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