# Bitcoin plows through bear market phase

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Last modified: 2022-07-12

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By Paul Ebeling · 2022-07-12
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Psychology, Knightsbridge Insights, Living, Knightsbridge, Blockchain, Featured, KNIGHTS, Business, Market, Money
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin

$BTCUSD

"One of the world’s largest crypto index fund managers offer unique insight into the current state of crypto adoption"--Paul Ebeling

In a new interview with Real Vision, Bitwise Asset Management CEO breaks down the types of investors and trends that the firm is witnessing as Bitcoin plows through a fresh bear market phase.

In addition to working with thousands of self-directed high net worth individuals, tens of thousands of public shareholders of its publicly traded products, about 1,000 independent advisory firms and a few dozen institutions, He says private banks and broker-dealers are beginning to take the plunge into the digital asset market.

*“More recently, [there’s been] a really fascinating development just in the last, I want to say nine months. There are seven private banks and broker-dealers that have put our products on their platforms for their advisors and clients to be able to get access to the space.*

*The platforms that over the last nine months or twelve months, it’s been recent and ramping [up], are approving our products to get crypto exposure. They represent $2 trillion in assets and tens of thousands of advisors and millions of accounts.”*

In addition, he says the number of institutional advisors working with the firm is increasing at a rapid pace.

*“In 2020, six percent of advisors said that they were allocating client money to crypto. That grew 50 percent year-over-year into 2021 to 9%. Still small. Meaningful because it’s a giant audience, but small. This year it’s supposed to grow another 70% to 16% of advisors allocating.*

*If you play that forward you’re at 50% of this segment having allocated by Y 2024. So it still feels early because 9%, 16%. Those do not feel like everyone I talked to. But the rate is what’s important and the rate is a wave. A wave that’s gathering steam.”*

Bitwise launched its 1st crypto index fund in Y 2017.

The firm now offers 14 crypto funds and exposure to over 30 different crypto assets and 10 NFT collections, with $1.3-B in assets under management.

A tip of the hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. [Click here](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous day, Keep the Faith!

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