Video | Bitwise Chief Investment Officer: Bitcoin No Longer Reacting to FUD, Bear Market May Have Bottomed Out

Bitwise Chief Investment Officer Matt Hougan stated in an interview with Bloomberg that Bitcoin is sending a significant "bottoming signal": the market is starting to shrug off bad news. Over the past few months, whether it was Michael Saylor selling Bitcoin or the decreasing probability of the CLARITY Act passing, Bitcoin has not experienced a significant drop, and has even risen against the trend. Hougan believes that this usually indicates that the bear market may be approaching its bottom. He expects that by the end of this year, the crypto market may see a stronger rally, with the next significant buyers coming from large wealth management platforms. Compared to the bull market driven by retail investors in the past, this cycle may be slower, less volatile, and more institutionalized.