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Ryan Rasmussen
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Ryan Rasmussen✓

@RasterlyRock

Head of Research @Bitwise

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  1. Ryan Rasmussen✓@RasterlyRock
    Earlier this year, Bitwise sat down with 15 of the world’s largest institutions: sovereign wealth funds, pensions, endowments, foundations. Crypto was down 50%, but not one of the institutions we interviewed cut its allocation. Several bought more. Here’s what else we learned:
    Bitwise @Bitwise
    Institutions are generally reluctant to announce their crypto positions. So we asked 15 of the world’s largest investment firms how they’re allocating to crypto today. Introducing the first-ever Bitwise Institutional Crypto Adoption Report.
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  2. Bitwise@Bitwise
    Institutions are generally reluctant to announce their crypto positions. So we asked 15 of the world’s largest investment firms how they’re allocating to crypto today. Introducing the first-ever Bitwise Institutional Crypto Adoption Report.
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  3. Ryan Rasmussen✓@RasterlyRock
    Hyperliquid
    Teddy Fusaro @teddyfuse
    Probably nothing Hyperliquid
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  5. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @BitcoinMagazine: JUST IN: $15 billion Bitwise raises their Bitcoin price target to $1.6 million by 2036 👀 "Developments in the prior year have only deepened our conviction that bitcoin is on the path to becoming a major institutional asset." 🚀
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  6. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @Bitwise: Our updated bitcoin forecast for 2036: Bear case: $130,686 Base case: $1,599,766 Bull case: $3,667,911 Read the report to find out how we get there:
    Bitwise @Bitwise
    Our “2027 Bitcoin Long-Term Capital Market Assumptions” report is live. Ten-year forecasts for bitcoin’s return, volatility, and correlation to stocks. Base case: BTC to $1.6 million by 2036.
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  7. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @Matt_Hougan: Bitcoin is better positioned today than at any point in its past. We're boosting our 10-year bitcoin target from $1.3m to $1.6m.
    Bitwise @Bitwise
    Our “2027 Bitcoin Long-Term Capital Market Assumptions” report is live. Ten-year forecasts for bitcoin’s return, volatility, and correlation to stocks. Base case: BTC to $1.6 million by 2036.
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  8. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @Bitwise: Our “2027 Bitcoin Long-Term Capital Market Assumptions” report is live. Ten-year forecasts for bitcoin’s return, volatility, and correlation to stocks. Base case: BTC to $1.6 million by 2036.
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  9. Ryan Rasmussen✓@RasterlyRock
    The stablecoin and tokenization boom is just getting started
    The Rollup @therollupco
    If the advisors at the biggest wire houses are still asking what a stablecoin is, how early are we really? @Bitwise Head of Research @RasterlyRock heard exactly that at a conference last week. One advisor wanted to know if he was already using stablecoins without realizing it. They've heard the word. They haven't made the investment. And according to him, the 600% growth rate so far "is nothing compared to what we're going to see."
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  10. The Rollup✓@therollupco
    If the advisors at the biggest wire houses are still asking what a stablecoin is, how early are we really? @Bitwise Head of Research @RasterlyRock heard exactly that at a conference last week. One advisor wanted to know if he was already using stablecoins without realizing it. They've heard the word. They haven't made the investment. And according to him, the 600% growth rate so far "is nothing compared to what we're going to see."
    Download
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  12. Ryan Rasmussen✓@RasterlyRock
    While advisors catch a lot of heat on CT for these types of questions, I see it as a sign that the people who control trillions in assets are starting to think more about crypto and how it fits into their client’s portfolios. That is a positive signal for long-term adoption.
    Ryan Rasmussen @RasterlyRock
    I met with 100+ financial advisors over the last 2 days. These are the questions they asked: 1) Will quantum computing kill crypto? 2) How do you value bitcoin? 3) Am I already using stablecoins? 4) Is bitcoin a currency? 5) Are there Solana and XRP ETFs?
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  13. Ryan Rasmussen✓@RasterlyRock
    I met with 100+ financial advisors over the last 2 days. These are the questions they asked: 1) Will quantum computing kill crypto? 2) How do you value bitcoin? 3) Am I already using stablecoins? 4) Is bitcoin a currency? 5) Are there Solana and XRP ETFs?
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  14. Ryan Rasmussen✓@RasterlyRock
    The stablecoin bull run is imminent
    Camran Khosravi @CamKhosravi
    The OCC becomes the first regulator to finalize its GENIUS Act rules. To legally issue a stablecoin in the US: - back every coin with cash, short-dated T-bills or Treasury repo - honor redemptions within two business days - hold at least a $5M cushion on top of those reserves.
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  15. Camran Khosravi✓@CamKhosravi
    The OCC becomes the first regulator to finalize its GENIUS Act rules. To legally issue a stablecoin in the US: - back every coin with cash, short-dated T-bills or Treasury repo - honor redemptions within two business days - hold at least a $5M cushion on top of those reserves.
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  16. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @johannarcw: On Monday, @Bitwise filed our comment letter on the SEC’s proposed Regulation Crypto Assets. Our ask: a practical framework for a question Bitwise has wrestled with for nearly a decade. How do we determine whether a crypto asset is a security or is subject to an investment contract? Bitwise evaluates crypto assets every day. We ask: What do they do? How were they created? Can we put them into our products? For years, answering that last question has required analysis with limited information and uncertain standards. This letter draws on over five years of engaging with the SEC Staff on these issues. We’ve long wanted a framework a company can actually apply without commissioning a bespoke Howey analysis for every crypto asset. Regulation Crypto gives us an opportunity to get there. The proposal focuses on issuers. Our letter proposes changes to make it work for companies like Bitwise that use crypto assets as the building blocks of investment products. We make two principal requests: 1. A standard outsiders can apply to determine when a crypto asset is no longer subject to an investment contract, based on publicly available information. We can evaluate what an issuer promised, what it has done and what activities continue. We cannot verify its private intentions. 2. Clear rules for when non-issuers may rely on an issuer’s Form TR, how to make a determination when no Form TR exists, and what facts would make reliance unreasonable. These questions shape what we can build for investors. This letter puts years of experience to work advocating for rules that give us greater certainty and room to build. Read our letter:
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  17. Ryan Rasmussen✓@RasterlyRock
    Stablecoins will eat payments. AI agents and the Genius Act will accelerate this.
    Frank Chaparro @fintechfrank
    New @coinbase + @TheBlockCo report is a banger. Stablecoins move $400M+ every hour, 24/7. That adds up to $891B in Q3 2026 (adjusted for bots, exchanges and DeFi), up 4x+ from $216B in Q1 2023. Keep that pace and volume hits ~$1.5T a quarter by end of 2027. Addresses also on the risk with 293M addresses - more than Amex and Discover’s combined card base.
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  18. Frank Chaparro✓@fintechfrank
    New @coinbase + @TheBlockCo report is a banger. Stablecoins move $400M+ every hour, 24/7. That adds up to $891B in Q3 2026 (adjusted for bots, exchanges and DeFi), up 4x+ from $216B in Q1 2023. Keep that pace and volume hits ~$1.5T a quarter by end of 2027. Addresses also on the risk with 293M addresses - more than Amex and Discover’s combined card base.
    Download
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  19. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @KamBenbrik: Every quarter, we track different major networks and share what we're seeing in staking and onchain activity. This quarter, our staking report covers Ethereum, Solana, Hyperliquid, Robinhood Chain and Near. There is now more onchain activity than ever, and it keeps getting cheaper as teams scale the infrastructure. Here are our main takeaways 🧵
    Bitwise @Bitwise
    The Bitwise Staking Report (Q4 2026) is live. In our quarterly digest, we take a hard look at protocol metrics for @ethereum, @solana, @HyperliquidX, @Robinhoodcrypto, and @NEARProtocol. TL;DR: Stake is up, costs are down, and rewards are down too. Read the report:
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  20. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @AsadIshmael: 1) A lot of people ask me how exactly Bitcoin can change the world Sometimes I say “Bitcoin can fix this” or “Bitcoin will make the world a better place” But to many, it’s unclear how any of that will actually happen So here’s my full vision for the world on Bitcoin 🧵
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  21. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @0xrafal: 1/ The fresh quarterly Bitwise staking report is out. Q3 was pretty busy (lots of big weeks!). Here are some of the numbers that went up during the quarter:
    Bitwise @Bitwise
    The Bitwise Staking Report (Q4 2026) is live. In our quarterly digest, we take a hard look at protocol metrics for @ethereum, @solana, @HyperliquidX, @Robinhoodcrypto, and @NEARProtocol. TL;DR: Stake is up, costs are down, and rewards are down too. Read the report:
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  23. Ryan Rasmussen✓@RasterlyRock
    Perspective
    Dan Held @danheld
    Insane that Bitcoin feels boring at $82,000. If you would have told me that 10 years ago I would have been blown away that we're even at this price level!
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  24. Dan Held✓@danheld
    Insane that Bitcoin feels boring at $82,000. If you would have told me that 10 years ago I would have been blown away that we're even at this price level!
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  25. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @Matt_Hougan: First they ignore you, then they laugh at you, then they fight at you, then they add you to their Long-Term Capital Markets Assumptions paper and predict you'll be the best-performing asset of the next decade.
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  26. Ryan Rasmussen✓@RasterlyRock
    Ryan Rasmussen
    RT @immutablejacob: tokenized stocks just hit a record $3.6B. that's 6.6x since the start of the year, when supply was $542M. wallets holding them went from 160k in january to 5.1M today. the growth isn't just riding the stock market either. the nasdaq fell 4.5% last week and tokenized stock supply grew 3%. the top three chains are BNB chain ($1.46B), ethereum ($810M), and solana ($624M). demand is already here, and the biggest U.S. venues haven't even launched yet.
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  27. Ryan Rasmussen✓@RasterlyRock
    This is our quant
    Teddy Fusaro @teddyfuse
    bitcoin:native has been trading in a range between ~$80k and $87k for about a month. Pushing higher today, watching to see if it can move decisively to and through $87k on the upside or $80k on the downside.
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  28. Teddy Fusaro✓@teddyfuse
    bitcoin:native has been trading in a range between ~$80k and $87k for about a month. Pushing higher today, watching to see if it can move decisively to and through $87k on the upside or $80k on the downside.
    Download
    1169818.8K
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