Institutional investors would likely inject up to $1 trillion into bitcoin, says Matthew Hougan, the Chief Investment Officer at Bitwise.

According to Hougan in a tweet shared by Bitwise, “We are all excited about the $12 billion that has flowed into ETFs since January. And it is exciting: Collectively, the most successful ETF launch of all time. But imagine global wealth managers allocate just 1% of their portfolios to bitcoin on average.