Orange Pilling Wall Street with Hunter Horsley - WBD762

Hunter Horsley is the Co-founder and CEO of Bitwise. In
this interview, we discuss the launch of the Bitcoin ETFs,
including the impact on investors and the investment
market, and the broader implications for the monetary
system and the future of Bitcoin. We talk about regulatory
challenges and the importance of educating financial
advisors on Bitcoin. The conversation also covers the
mechanics of ETFs, the role of authorized participants and
the services Bitwise provide.


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The approval of the Bitcoin ETFs marks a historic moment,
akin to the launch of the first gold ETF in 2003, and sets
the stage for future developments in the ETF space.
However, the road to launching a Bitcoin ETF has been
fraught with regulatory hurdles and challenges. Hunter
Horsley sheds light on the arduous process Bitwise
underwent to obtain approval for their ETF.


One of the most significant advantages of a Bitcoin ETF is
providing a regulated and disciplined investment option for
Bitcoin. Hunter highlights how ETFs offer investors peace
of mind and protection against risks, which is particularly
beneficial for retirement accounts like IRAs. The
introduction of the ETF has also led to a substantial
reduction in fees, making Bitcoin investment more
accessible and cost-effective.


We discuss how the introduction of Bitcoin ETFs has changed
the landscape for financial advisors. Historically,
advisors were reluctant to recommend Bitcoin due to its
volatility and perceived risks. However, the ETF provides a
more secure and familiar investment vehicle, which is
shifting attitudes in the market. Hunter stresses the need
for education and resources to help advisors incorporate
Bitcoin into their clients' portfolios.


Hunter foresees a future where most investment portfolios
will include some allocation towards Bitcoin. This shift
could introduce a significant new buyer into the market.
With the macroeconomic backdrop, potential rate cuts, and
the upcoming halving, there is optimism about the setup and
potential benefits for investors. There is now real
potential for Bitcoin to become a relevant asset for
long-term-oriented investors.





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Show notes:
https://www.whatbitcoindid.com/podcast/orange-pilling-wall-street


This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence
Bitcoin Atlantis - A Bitcoin conference in the Atlantic
SwanBitcoin - Invest in Bitcoin with Swan