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Bitwise CIO Matt Hougan Believes Bitcoin Has Bottomed and Could Be "Substantially Higher" by Year-End
Bitwise CIO Matt Hougan believes Bitcoin (BTC) has finally hit a bottom and could be "substantially higher" by year-end. Hougan argues that Bitcoin typically trades in four-year cycles, urging investors to adopt a long-term perspective, similar to its recovery in 2023-2024 after a significant drop in 2022. He highlights Bitcoin's 10,000% increase over the past decade as a store of value. Investment firm Bernstein also recently reiterated its $150,000 price target for Bitcoin.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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