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The chief investment officer of Bitwise Asset Management has drawn a notable conclusion from a recent round of adviser outreach: $BTC no longer stirs the excitement it once did among financial professionals tasked with allocating client money.
Advisers Are No Longer Chasing the Trade After conducting 40 meetings with financial advisers, the Bitwise CIO found that the atmosphere around Bitcoin has shifted from charged interest to something closer to routine acknowledgment.
The finding matters because adviser sentiment has historically served as a leading indicator for retail allocation flows — when advisers are excited, money tends to follow; when they are not, it tends to stay put.
The source of that earlier excitement was straightforward: Bitcoin's volatility made it easy to pitch as an asymmetric opportunity, and the asset's novelty gave it storytelling power.
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