Bitwise Chief Investment Officer: Crypto Asset Allocation in Portfolios Should Increase to 5%

Bitwise Chief Investment Officer Matt Hougan stated that the crypto allocation in institutional portfolios should increase from the previous 1% to 5%, saying "5% is the new 1%." Data from CoinShares shows that as of April, the average crypto asset allocation of institutional investors has risen to 1.8%, the highest level in the past year, with some portfolios even reaching 2.5%. (DLNews)