Bitwise CIO Matt Hougan Says Democratic Landslide Could Spur Volatility, Make Pullbacks a Buying Opportunity
JH Kim
Summary
- Matt Hougan, Bitwise's chief investment officer, said market volatility could increase after a sweeping election victory by U.S. Democrats.
- Hougan said a Democratic election win could lead to short-term volatility, and that a market decline could bring a price correction.
- He said any price correction caused by a market decline would likely present a buying opportunity.
Forecast Trend Report by Period
Matt Hougan, chief investment officer at Bitwise, said market volatility could increase after a sweeping U.S. Democratic election victory, but any price correction would likely present a buying opportunity.
Cointelegraph reported on November 11 that Hougan sees the potential for short-term volatility following a Democratic election win.
If the market falls, it would likely create a buying opportunity.
Hougan acknowledged the possibility of election-driven market swings while maintaining that any future pullback should be viewed as a chance to buy.
JH Kim
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