Market Minute Overtime: Sitting Down with Bitwise CEO
It is the dawn of a new era for cryptocurrencies – one that is marked by increasing credibility. The White House hosted its first ever crypto summit this Friday, March 7th. Just before that President Trump signed an executive order establishing a U.S. bitcoin reserve funded with seized bitcoin from both civil and criminal cases.
In a recent Market Overtime interview, Hunter Horsley, CEO of Bitwise Asset Management, dove into the evolving landscape of crypto. While Bitcoin's volatility remains a hallmark of the digital coin industry, Horsley says it had its mainstream moment similar to an IPO when the ETFs came to market in 2024.
Addressing the common perception of Bitcoin as "digital gold," Horsley argued that while the analogy helps simplify Bitcoin's value proposition, it is an imperfect one. Unlike gold, he says Bitcoin offers ease of transfer, lower storage costs, and additional functionalities such as payments in specific contexts. However, he clarified that Bitcoin's primary use case remains as a store of value rather than a medium of exchange. He says that the long-term outlook shows continued promise, thanks in part to increasing institutional adoption. He acknowledged that regulatory clarity is still a hurdle to be cleared, but expressed optimism about the direction of regulation under the new administration.
Watch the full interview below:
What's Going On With Crypto? Bitwise CEO Joins Market Overtime | Schwab Network
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Charles Schwab and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
