Financial Institutions Embracing Blockchain Technology for Capital Markets

Financial institutions are embracing blockchain technology as the underlying infrastructure for capital markets. According to Bitwise Chief Investment Officer Matt Hougan, investors are struggling to adapt to this change due to anchoring bias.

Hougan attributes the disconnect between perception and reality to the tendency of investors to evaluate crypto through its early reputation as an asset associated with cypherpunks and illicit online markets. However, the technology has evolved to support large-scale institutional adoption.