TradFi advisors want stablecoins, tokenization over Bitcoin: Bitwise
Financial advisors at major institutions are showing more interest in stablecoins and tokenization than in Bitcoin, which may help revive crypto demand. Bitwise’s Matt Hougan said conversations with more than 40 advisors revealed strong curiosity about real-world crypto uses, especially in capital markets and payments, while Bitcoin drew less enthusiasm. This shift comes as Bitcoin has fallen about 30% this year, while stablecoins and tokenization have gained Wall Street attention. Circle’s June IPO highlighted investor interest, and a possible SEC move to permit tokenized stock trading could further legitimize the sector. Hougan argued that future crypto inflows may come from financial advisors and institutions, with capital likely favoring infrastructure and application-focused assets such as Ethereum, Solana, Chainlink, Avalanche, Canton, Hyperliquid, Figure, Circle, and Coinbase.
