Matt Hougan, Bitwise’s chief investment officer, remains optimistic about Bitcoin (BTC) despite recent global market instability caused by tariffs. He sees Bitcoin as a leading indicator, weathering recent market storms better than expected.
Bitcoin’s Resilience
In a recent interview, Hougan stated that Bitcoin has been leading the market for the past four to five months. He highlighted that even during recent sell-offs, Bitcoin didn’t fall below its previous all-time high, a sign of strength. He believes that weaker fiat currencies resulting from tariff disputes will ultimately benefit Bitcoin.
A Bullish Outlook
Hougan predicts substantial Bitcoin price increases if the market stabilizes. He’s confident that, given sustained stability, Bitcoin is poised for a significant upward surge. At the time of writing, Bitcoin is trading around $78,146.
Recent Market Events
The recent back-and-forth on tariffs, with President Trump initially announcing new tariffs and then pausing some, has created uncertainty in the market. However, Hougan remains bullish on Bitcoin’s long-term prospects.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always conduct thorough research before investing in cryptocurrencies. Investing in crypto carries significant risk.
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