Bitcoin’s ‘IPO moment’ means the days of 1% BTC allocations are over, Bitwise CIO says

Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's recent sideways trading signals its 'IPO moment' has arrived, drawing on analysis comparing it to major tech IPOs. This consolidation phase involves early adopters taking profits while institutions gradually increase holdings, which Hougan views as 'extremely bullish.' He dismisses fears that early selling signals an end, noting that post-IPO, assets like Facebook saw substantial long-term gains despite initial stagnation. As Bitcoin matures, evidenced by lower volatility and wider distribution, Hougan believes the traditional 1% portfolio allocation is obsolete, with 5% becoming the new baseline for professional investors. He sees the current sideways movement as an opportunity to accumulate before its ascent toward gold's market capitalization resumes.

(Source：The Block)