Key notes
- The Bitwise CEO points out that many cryptocurrency holders have begun exposing themselves recently.
- This comes as Reid Hoffman, founder of LinkedIn, revealed that he has been investing in cryptocurrencies since 2013.
- More institutional investors have entered the cryptocurrency space in the past year.
Hunter Horsley, CEO of Bitwise, took to X to highlight that many cryptocurrency holders have begun exposing themselves recently. In light of this new trend, he noted that those who do not own cryptocurrencies often realize that they are in the minority. Horsley’s statement was a reaction to Reid Hoffman’s recent purchase of CryptoPunk.
Cryptocurrencies are now less prohibited
LinkedIn founder Reid Hoffman Submit a job On October 24, he announced that he had purchased a digital collectible that he called CryptoPunk a few months ago.
He surprised a number of his followers by saying that he has been investing in the digital asset space for nearly 13 years. According to the founder, he has now joined one of the most influential cryptocurrency communities.
Horsley highlighted how most “impressive people and companies” who have cryptocurrencies in their wallets barely make any noise about it.
So far, most of the impressive people and companies that own cryptocurrencies are not saying anything.
When they start to reveal themselves now that cryptocurrencies are less banned, skeptics will be surprised to realize that they are actually in the minority. https://t.co/0BHfwqguW0
– Hunter Horsley (@HHorsley) October 25, 2025
However, the situation has changed recently as a large number of them have started revealing themselves. Their confidence in exiting is likely driven by the new status of cryptocurrencies globally.
As Horsley puts it, “Cryptocurrencies are less prohibitive,” hence the desire for openness. Thus, many skeptics will find this revelation surprising. The Bitwise CEO claimed that they will realize that they are actually in the minority.
Institutional investors challenge JPMorgan analysis
As Horsley rightly points out, there has been a significant increase in the number of those who own cryptocurrencies.
This trend is most common among institutional investors, especially with Michael Saylor’s holding the stick strategy. This is supported by the annual survey conducted by Sygnum Bank, which revealed that 57% of institutional investors plan to increase their allocation to cryptocurrencies.
However, Horsley’s statement is a far cry from the opinion of JPMorgan analysts. These entities note that 71% of investors plan to avoid cryptocurrencies in 2025 altogether. At that time, there was already some slight growth in participation in cryptocurrencies, but the general atmosphere was still full of skepticism. This was due to market fluctuations and unclear regulations.
However, there have been some improvements in the market, especially with Donald Trump assuming office as President of the United States.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to drive public acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to popular blockchain media and websites.
The post Bitwise CEO Reacts as LinkedIn Founder Buys a CryptoPunk first appeared on Investorempires.com.
