Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has made predictions regarding potential changes in the cryptocurrency market, emphasizing the diminishing significance of the traditional four-year cycle.
Diminishing Role of the Four-Year Crypto Cycle
At a conference on July 25 in New York, Hougan noted that the significance of the traditional four-year cryptocurrency cycle is becoming less relevant. Instead, the focus is shifting to institutional adoption and new regulatory initiatives.
Impact of Institutional Investments and Regulation
Hougan asserts that new regulatory measures and increased institutional flows will drive market growth. He pointed out that ETFs are helping to shape a new dynamics that could overshadow traditional events such as Bitcoin's halving.
Prospects for Bitcoin and Changing Market Expectations
Bitcoin is currently trading at $116,325.41 with a market cap of $2.31 trillion, accounting for 60.43% of the total cryptocurrency market. According to Hougan, considering the new conditions, many crypto assets may see new price records, with Bitcoin possibly exceeding $200,000.
With Hougan's predictions about a series of changes in the cryptocurrency market, new attention to institutional investments and regulation opens up opportunities for sustainable growth and shifts in investment dynamics.
