{"id":24965,"date":"2023-12-08T07:58:01","date_gmt":"2023-12-08T07:58:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitwise-cio-foresees-prolonged-bull-market-and-all-time-highs-for-bitcoin\/"},"modified":"2023-12-08T07:58:01","modified_gmt":"2023-12-08T07:58:01","slug":"bitwise-cio-foresees-prolonged-bull-market-and-all-time-highs-for-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitwise-cio-foresees-prolonged-bull-market-and-all-time-highs-for-bitcoin\/","title":{"rendered":"Bitwise CIO Foresees Prolonged Bull Market and All-Time Highs for Bitcoin"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Bitwise Chief Investment Officer Matt Hougan provided insights on the continuous upswing in the cryptocurrency sector during a recent CNBC interview on December 6. Hougan claims that a number of variables have come together to cause a spike in the value of Bitcoin (BTC) and other digital assets. These include rumors that a spot Bitcoin ETF may be approved, a growing demand from institutional investors, and an investment strategy move toward riskier assets and inflation in the face of falling bond rates.<\/p>\n

Drawing attention to the possible effects of a spot Bitcoin ETF<\/a>, Hougan stated that it is a key factor contributing to the present bull run in the cryptocurrency market. He thinks that the market\u2019s course may be significantly influenced by the approval of a spot Bitcoin ETF.<\/p>\n

Transition to Mainstream Institutional Adoption<\/h2>\n

Hougan is upbeat about the market\u2019s ongoing momentum and emphasizes that it marks the beginning of institutional mainstream acceptance of cryptocurrency assets. As per his statement, the market is seeing a notable transition from being mostly driven by ordinary investors to seeing a rise in involvement from institutional investors.<\/p>\n

\u201cThis crypto bull market is about professional and institutional investors entering the market for the first time in the last 13 years of Bitcoin\u2019s existence.\u201d<\/em><\/p>\n

Hougan believes that during the next six to twelve months, Bitcoin will hit new all-time highs, notwithstanding the likelihood of short-term turbulence. Considered a turning point, he announces the conclusion of the crypto bear market, or \u201ccrypto winter.\u201d<\/p>\n

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\u201cThe advent of ETF firms like BlackRock coming into the market, that\u2019s going to be the big money into the crypto market for the first time ever.\u201d<\/em><\/p>\n

Hougan presents a vision of a crypto spring by shifting the focus from platforms like FTX to large industry players like Fidelity and BlackRock. He sees a significant, multi-year bull market for cryptocurrencies that will usher in the mainstream cryptocurrency age.<\/p>\n

\u201cCrypto winter is behind us, and we see the green shoots, and there are still warm days ahead.\u201d<\/em><\/p>\n

Hougan\u2019s views offer a bright perspective for the crypto market as it changes, highlighting the transformational power of institutional engagement and projecting continuous development in the upcoming years.<\/p>\n

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350% or 5BTC + 150 Spins!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Bitwise Chief Investment Officer Matt Hougan provided insights on the continuous upswing in the cryptocurrency sector during a recent CNBC interview on December 6. Hougan claims that a number of variables have come together to cause a spike in the value of Bitcoin (BTC) and other […]<\/p>\n","protected":false},"author":34,"featured_media":24966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24965"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24965"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24966"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}