Bitwise CEO Reacts as LinkedIn Founder Buys a CryptoPunk

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In a plot twist no one saw coming, Hunter Horsley, the CEO of Bitwise, decided to jump onto X (formerly Twitter, but let’s not get bogged down in details) to point out a very important fact: crypto holders are slowly but surely showing their faces. And to be honest, if you don’t own crypto yet, well, you might just be the odd one out in this strange digital world. Oh, the irony!

Crypto is Now Less Taboo

So, the enigmatic LinkedIn founder, Reid Hoffman (yes, that guy who probably helped you get your job 15 years ago), made a post on October 24, casually dropping the news that he had splurged on a digital collectible called CryptoPunk. A few months ago. Because that’s what rich tech moguls do now, they collect digital art like it’s Pokémon cards, but with less nostalgia and more blockchain.

And just in case you missed it, Hoffman has been secretly investing in the world of digital assets for about 13 years. You know, because it’s normal for billionaires to sit on this information for over a decade. He’s now joined the ranks of the crypto elite, as if there was any doubt he wouldn’t.

But don’t worry, Horsley wasn’t just sitting there being quiet about it. Oh no, he highlighted that most of the “impressive people and firms” who own crypto are the quietest folks in the room. Why? Because crypto, for a long time, was a bit like being a fan of niche science fiction – something you didn’t talk about at parties. But now? Now, it’s a thing you casually drop into conversations. You know, for clout.

So far, most of the impressive people and firms that own crypto don’t say anything.

As they start to reveal themselves now that crypto is less taboo, skeptics are going to be surprised to realize they are actually the minority.

– Hunter Horsley (@HHorsley) October 25, 2025

Crypto is finally shedding its edgy, misunderstood reputation like a cool kid taking off their leather jacket at the school dance. According to Horsley, as more people step into the spotlight, crypto skeptics will suddenly find themselves in the minority. And we all know how well skeptics react to finding out they’ve been living in the digital stone age.

Institutional Investors Defy JPMorgan’s Analysis

But wait, there’s more! As Horsley so aptly pointed out, the number of crypto enthusiasts is growing at a rate that even the most jaded of analysts didn’t predict. Institutional investors are especially on the rise, with Michael Saylor (who’s practically the crypto overlord at this point) leading the charge.

A recent survey from Sygnum Bank revealed that a whopping 57% of institutional investors plan to up their crypto allocations in the coming years. That’s a whole lot of Bitcoin and Ether heading into the hands of people who could probably buy the moon if they wanted to.

Meanwhile, over at JPMorgan, analysts are still clinging to their “71% of investors will avoid crypto” prediction for 2025. Sure, because betting against crypto when everyone from Elon Musk to your weird cousin Karen is in on it is a really solid financial strategy. Right?

At the time, it was easy to understand why: market volatility, the regulatory nightmare that is crypto, and the constant nagging feeling that maybe this whole thing could go to zero at any moment. But recent developments (and let’s be real, Donald Trump becoming president again) have shaken things up. We now live in a world where anything is possible, including crypto mooning while traditional finance hangs on for dear life.

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2025-10-25 18:44