Bitwise CIO Revises Outlook After CLARITY Vote
10 Articles
10 Articles
Failure Of Crypto Clarity Act Cloture Vote Not A Surprise
Matt Hougan's Five Forces Shaping Crypto's Future
Bitwise Asset Management Chief Investment Officer Matt Hougan outlined what he believes will power a new bull cycle in crypto, one he said has the potential to be more durable than the boom-and-bust runs that preceded it.Bitwise, founded in 2017, is one of the larger crypto-focused asset managers and builds its business around exchange-traded funds and research aimed at financial advisors.Speaking on a September 9 webinar hosted by financial adv…
Key points of the news: Matt Hougan, CIO of Bitwise, reviewed his position and no longer believes that the failure of the Clarity Act will generate weeks of difficult crypto markets. Bitcoin exceeded $80,000 on September 4 while the odds of passing the law fell from 39% to 14%, the opposite of the ... Read more
Despite the correction of Bitcoin, the failure of the CLARITY Act in the U.S. Senate and the monetary hardening of the Fed, André Dragosch, Head of Research Europe at Bitwise, believes that the bull run is launched. As he explained to Cryptoast, he relies on the institutional demand, the return of the basic trade and a gradual rotation towards Ethereum and some altcoins. The Bitcoin and crypto article: the bull run is launched despite the failur…
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