Bitwise CIO Hougan’s Bull Show Statement: The New Crypto Bull Will Be Slower and Less Volatile!

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, a leading institutional investment firm in the cryptocurrency markets, predicted that the next bull cycle will proceed more slowly and have lower volatility compared to past bull markets.

Hougan stated that the shift in investor interest beyond cryptocurrencies to other technology trends such as artificial intelligence played a decisive role in this process.

According to Hougan, the shift in focus, particularly among Wall Street investors, could lead to more controlled price movements in the cryptocurrency markets compared to previous cycles.

Despite this, Hougan noted that interest in Bitcoin and digital assets in general among registered investment advisors (RIAs) and institutional investors in the US remains at historical levels, emphasizing that he maintains his long-term optimistic view.

Bitwise’s CIO reiterated his prediction that Bitcoin will surpass the $1 million mark within the next 10 years. However, he stated that in current market conditions, investors are turning not only to Bitcoin but also to digital assets with more tangible use cases. Stablecoins and the tokenization of real-world assets (RWA) have recently attracted the attention of institutional investors.

The total value of the stablecoin market recently reached an all-time high of $322 billion, while financial giant Citi predicts this figure could rise to $4 trillion by 2030.

Hougan stated that increasing institutional demand for digital products backed by real assets is one factor that could slow the overall recovery of the crypto market. However, he added that the sector’s long-term growth potential remains strong.

*This is not investment advice.