Hunter Horsley, chief executive officer at Bitwise, has predicted that wealth managers are going to buy 100s of billions of crypto for their clients.
He has summarized the entire logic from Devin Ryan’s thread into one compact message.
Small exposure matters
The core idea is that enormous pools of slow-moving capital are finally waking up to crypto.
U.S. wealth managers (financial advisors, broker-dealers, RIAs) and so on collectively manage $30 trillion. That’s the biggest pool of investable capital in the U.S. (far larger than hedge funds or VC).
Until recently, advisors legally couldn’t put client money into crypto, and compliance departments hadn’t approved crypto exposure. Moreover, custody requirements made Bitcoin impossible to hold in client accounts.
So, although Bitcoin ETFs launched in early 2024, wealth managers did not immediately buy, even if they wanted to.
Ryan’s point is that this slow build-out is normal and healthy. Even tiny allocations create massive flows
If the industry moves reach 0.5% exposure, that alone produces hundreds of billions in inflows.