Bitcoin is gaining traction among large investors as a safeguard against economic uncertainties, according to Matt Hougan, the chief investment officer of Bitwise, a crypto fund manager. In an interview with Cheddar, Hougan revealed that financial advisors, family offices, and endowments have expressed their concerns about inflation and the US government’s mounting debt. These institutions are increasingly considering Bitcoin as a hedge in their portfolios. Hougan emphasized that Bitcoin, along with gold, is one of the few assets not backed by debt, making it an attractive option for investors looking to diversify their holdings. While gold is a more established asset, Bitcoin offers greater potential for growth, albeit with higher volatility. The current value of Bitcoin stands at $65,095.