Summary
- Matt Hougan, Bitwise CIO, stated that the recent decline in Bitcoin will not last long.
- When the S&P500 Index fell by more than 2%, Bitcoin fell by an average of 2.62%, but a year later, it rose by an average of 189%.
- Bitcoin is expected to show an upward trend in the long term.
Recently, an analysis suggested that the decline in Bitcoin (BTC) will not last long.
On the 28th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated on his X (formerly Twitter) that "over the past decade, when the S&P500 Index (SPX) fell by more than 2%, Bitcoin fell by an average of 2.62%."
He continued, "A year later, Bitcoin rose by an average of 189%, while gold rose by 7%. The current situation is not much different. Bitcoin will be in a downward trend in the short term, but will rise in the long term."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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