Wall Street is loud about crypto, but investors aren’t listening: Bitwise

CoinTelegraph

by Jesse Coghlan

February 26, 2026

AI-Generated Deep Dive Summary

Wall Street’s enthusiasm for cryptocurrency continues to grow, yet traditional investors remain unmoved, according to Matt Hougan of Bitwise Investments. In a recent note, Hougan highlighted how financial institutions are increasingly adopting blockchain technology, with Wall Street actively promoting the shift towards on-chain finance. Despite this momentum, Hougan suggests that many investors are suffering from “anchoring bias,” remaining fixated on crypto’s early days as an obscure tool for niche users rather than its potential to transform global markets. Hougan argues that while the promises of institutional adoption have been repeated so often that they no longer resonate with traditional investors, the reality is that crypto could soon play a pivotal role in financial systems. He points to examples like on-chain investment funds and payment systems as evidence of this shift. However, many investors are still stuck on outdated perceptions of crypto as a volatile or niche technology, failing to recognize its potential for widespread impact. This reluctance to embrace crypto’s evolution presents an opportunity for forward-thinking investors, Hougan believes. By moving beyond their anchoring bias, they can position themselves to benefit from the transformative potential of blockchain technology. As finance continues to migrate on-chain, those who recognize this shift now may be well-positioned to capitalize on future opportunities in a rapidly evolving landscape.

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/26/2026