CEO of Bitwise Predicts Multi-Year Bull Run in Cryptocurrency Market

In a recent Bloomberg interview, Matt Hougan, the CEO of Bitwise, the world’s largest crypto index fund manager, highlighted the beginning of a multi-year bull run fed by a long-awaited wave of institutional interest. Bitwise’s CEO Foresees Bull Run in BTC! Hougan noted incredible resistance in cryptocurrency prices despite increased regulatory scrutiny. He suggested BlackRock’s recent move towards Bitcoin (BTC) could be the perfect precursor for new bull market conditions, stating: Prices have been rising since last November, climbing the wall of worry following the FTX debacle. Now, we have the world’s largest asset manager, BlackRock, planting its flag and declaring the significance of Bitcoin. It’s an asset that institutional investors will want to hold over the next five to ten years. I believe we’ve entered a new era of cryptocurrency that I call the ‘mainstream age of crypto’, and we’re likely in the early stages of a multi-year bull […] The post CEO of Bitwise Predicts Multi-Year Bull Run in Cryptocurrency Market appeared first on COINTURK NEWS.