Bitwise CIO: "Bitcoin crash risk plummets... Confident in a bull market next year"

JOON HYOUNG LEE

Summary

Matt Hougan, Bitwise CIO, expressed confidence in a bull market for Bitcoin next year.
CIO Hougan explained that the risk of a Bitcoin price crash has greatly diminished thanks to clearer regulations.
CIO Hougan emphasized that Bitcoin is expected to see a prolonged and steady boom, rather than a 'super cycle.'

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated, "I am confident in a Bitcoin (BTC) bull market next year."

According to Cointelegraph on the 27th (local time), CIO Hougan recently said in an interview, "The four-year cycle for Bitcoin is 'dead,'" sharing this view. Hougan CIO explained, "Due to clearer (crypto) regulations, the risk of a major Bitcoin price crash has decreased significantly," and added, "Given that (crypto) institutionalization is still in its early stages, Bitcoin is highly likely to see even stronger momentum in this cycle."

CIO Hougan emphasized, "Bitcoin’s price will continue to be on an upward trend." He said, "Of course, there may be considerable volatility, but I think that the current upswing is more like a sustained and steady boom rather than a 'super cycle.'"

Recently, some in the industry have called for discarding existing Bitcoin cycle theories. Ki Young Ju, CEO of CryptoQuant, said on X (formerly Twitter) on the 25th that "the Bitcoin cycle theory is over."

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