Stay updated with breaking news from Ken alabi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bitwise Asset Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matt Hougan is the chief investment officer of San Francisco-based Bitwise Asset Management, whose $542 million Bitwise 10 Crypto Index Fund (BITW) has returned 242% since its launch. Hougan and Bitwise researcher David Lawant break down five approaches to valuing bitcoin and cryptocurrencies in a new 64-page research brief published by the CFA Institute. Their research suggests that while there is no perfect way to value bitcoin, adding the digital asset to a traditional 60/40 portfolio has historically had a positive long-term impact on performance. After a blockbuster year during which it gained over 300%, bitcoin appears to be headed towards an even better outcome in 2021. ....