- Bitwise CEO Matt Hougan believes that a new crypto era has begun and a bull market that will last a few years has started.
- Hougan claims that crypto prices have shown incredible resilience in the face of increasing regulatory pressure.
- He also suggests that the growth of crypto-related stocks indicates a new growth period for the industry.
Bitwise CEO Matt Hougan has expressed his belief that the cryptocurrency market has entered a new era, with a bull market that could last several years. In an interview with Bloomberg, Hougan pointed to the resilience of crypto prices in the face of increasing regulatory pressure as evidence of this new era.
Resilience in the face of regulatory pressure
Hougan argued that crypto prices have demonstrated incredible resilience despite the increasing pressure from regulators. He also mentioned that BlackRock’s Bitcoin ETF application could be the cherry on top for the new bull market conditions. Hougan stated, “Prices were actually on the rise after the FTX fiasco. Now, the world’s largest asset manager, BlackRock, is saying that Bitcoin is important and has become an asset that institutional investors will want to own over the next five to ten years.”
A new growth period for the industry
Bitwise’s CEO not only predicted a new growth period for asset prices but also claimed that crypto-related stocks are on the verge of a significant rise. He said, “We will see the sector grow rapidly, and this will be a truly exciting moment for crypto.” This optimism for the industry’s growth could encourage more investors to enter the market and contribute to the predicted bull market.
Exciting times for the crypto market
As the cryptocurrency market continues to evolve and mature, the predictions of a new era and a lasting bull market by industry experts like Matt Hougan could signal exciting times ahead for investors and enthusiasts alike. With increasing interest from institutional investors and the growth of crypto-related stocks, the industry may be poised for significant expansion and development in the coming years.
