Matt Hougan, Chief Investment Officer (CIO) at Bitwise Asset Management, has outlined a significant shift in the trajectory of the cryptocurrency market.
Hougan highlights the historical influence of distinct cycles on cryptocurrency price movements but argues this pattern is evolving.
He emphasizes that long-term bullish fundamentals supporting Bitcoin are now expected to outweigh the impact of these traditional cyclical patterns.
This shift, Hougan contends, will lead to the development of a more resilient market structure for the asset class.
Consequently, the Bitwise CIO projects that by 2026, Bitcoin is poised to enter a phase characterized by sustained and stable long-term growth.