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Bitwise Chief Investment Officer: The allocation of encryption assets in the portfolio should be increased to 5%.
Bitwise Chief Investment Officer Matt Hougan stated that the crypto allocation in institutional portfolios should be increased from the past 1% to 5%, claiming that “5% is the new 1%.” CoinShares data shows that as of April, the average allocation of crypto assets by institutional investors has risen to 1.8%, the highest level in the past year, with some portfolios even reaching 2.5%. (DLNews)