Bitwise Memo Uncovers Key Insight From 40 Financial Advisors
Bitwise CIO Matt Hougan says monetary advisors stay thinking about crypto however now care extra about stablecoins and tokenization than Bitcoin. He drew the conclusion after talking with greater than 40 advisors in a single day of gross sales calls.
Data from analytics agency Artemis factors the identical means. Stablecoin mentions in SEC filings and investor displays peaked at roughly 1,000 within the first quarter of 2026, the agency stories.
Stablecoins and Tokenization Take Center Stage
Hougan described the conversations in a memo revealed on June 10. Reportedly, he met eight advisory groups on Monday, his busiest single day since becoming a member of Bitwise eight years in the past.
Engaging these advisors on Bitcoin proved troublesome, he admitted, even at prices near $60,000 that he considers enticing for long-term buyers.
Instead, conversations stored returning to funds, capital markets, and tokenized property.
Hougan tied the shift to 2 forces:
- The fiat debasement commerce has pale, with gold buying and selling about 20% beneath its all-time high by his account,
- Stablecoin speak from SEC Chair Paul Atkins and BlackRock CEO Larry Fink has grow to be fixed on monetary tv.
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“If you assume monetary advisors are the marginal internet purchaser of crypto within the subsequent cycle, the primary place cash would circulation is likely to be into stablecoin- and tokenization-linked investments,” Hougan wrote within the memo.
He expects that circulation to favor tokenization rails similar to Ethereum (ETH) and Solana (SOL), plus stablecoin-linked equities Circle (CRCL) and Coinbase (COIN).
The sample would echo earlier cycles, he argued, together with the spot ETF progress that pulled crypto out of its 2022 collapse.
Peak Attention or a New Adoption Phase
Artemis provides a measurable sign to the anecdotes, displaying stablecoin references in company disclosures hit their highest recorded stage in Q1 2026.
Regulation helps clarify the timing. On February 19, SEC employees said broker-dealers might apply a 2% capital haircut to cost stablecoins, treating them as near-cash.
That steerage builds on the GENIUS Act, the 2025 regulation that created a federal class for cost stablecoins.
Usage information tells an analogous story. A Fireblocks report primarily based on a March 2025 survey of 295 finance executives discovered 49% of establishments already use stablecoins for funds.
The mixture cuts two methods:
- Advisor curiosity suggests recent capital may circulation into stablecoin and tokenization performs first.
- Peaking mentions, nonetheless, might point out the theme is already crowded in company communications, with stocks, gold, and Treasuries transferring on-chain in observe relatively than in pitch decks.
Tokenized real-world property equally defied last year’s downturn.
Hougan frames advisors, a gaggle managing greater than $175 trillion by Investment Adviser Association figures, as the brand new investor class that would finish the 2026 downturn.
Therefore, their engagement issues greater than traditional after his earlier crypto winter call proved prescient.
The first-quarter point out peak marking saturation or the beginning of an implementation part might grow to be clearer as second-quarter filings arrive.
In the meantime, advisor demand offers the market a concrete adoption sign to trace.
The submit Bitwise Memo Uncovers Key Insight From 40 Financial Advisors appeared first on BeInCrypto.
