Hunter Horsley
32.5K posts
Hunter Horsley
@HHorsley
CEO @Bitwise ($15B+ client assets). 8 years in crypto. Formerly Facebook, Instagram & Wharton. Husband, father, & caretaker of Winnie the beagle.
- Working in crypto is an incredible, never-ending education in how far the pendulum can swing
- I think once Bitcoin breaks through eg $130-150k, no one is going to sell their Bitcoin. Right now at $100k, it seems individuals who hold a lot of Bitcoin that was bought a long time ago at very low prices, are selling some. That said, once Bitcoin breaks new levels, this
- When rates come down — $7.3 trillion is going to be looking for a new asset to help store valueMoney market mutual fund assets are at a record $7.3T
- We just provided some information for a nation state asking about Bitcoin ETFs. Considering moving some exposure from foreign currency govt bonds into BTC. Bitcoin is entering a new chapter —
- Met with a multi-family office CEO today — He’s seeing families that have been in Europe for 100s of years moving to Dubai and Abu Dhabi. There’s a real exodus.
- Huge moment — Charles Schwab CEO: "I have not bought crypto, and now I feel silly." ..."We will get into spot crypto" Sign of the times, and the new chapter we're entering: the mainstream chapter.
- Bitwise made this call 1 year ago
- People don't want to hear it — But things underway for crypto are possibly the most bullish it's been in 10 years. Substance is rapidly arriving.
- 6-12 months from now, the big story in crypto is going to be credit and borrowing. It will explosively grow over the next few years. Two vectors: 1. There’s nearly $4 trillion dollars of crypto and growing: when people can borrow against this crypto, rather than sell, they
- Almost 100% of my close friends under the age of 35 in San Francisco have left. Over a dozen people. Astonishing to reflect on. Few things are ever this binary.
- An Wealth Management Firm in New York just made a 1% allocation to Ethereum across clients via Bitwise ETPs. No other crypto exposure. 100% ETH.
- Milestones: $102,000 per Bitcoin = crosses $2T market cap $179,000 per BTC = crosses Apple market cap $800,000 per BTC = crosses gold
- Globally, there's: ~$120+ trillion of wealth in equities ~$140+ trillion of wealth in fixed income ~$250+ trillion of wealth in real estate ~$100+ trillion in M2 / money ~$30 trillion in gold There's $1.9 trillion in Bitcoin. Bitcoin at $85k, $95k, $105k is all the same thing.
