Matt Hougan, CEO of Bitwise asset management company, said that a new era has entered the cryptocurrency world and a long bull market has begun.
In his interview with Bloomberg, Hougan noted that cryptocurrency prices have shown incredible resilience against increasing regulatory pressures. He also stated that BlackRock's#BitcoinETF application could be an important step in new bull market conditions.
“Prices actually went up after the FTX debacle. Now #BlackRock, the world's largest asset manager, says Bitcoin is an important asset and one that institutional investors will want to own for the next five to ten years.”
In his interview with Bloomberg, Hougan noted that cryptocurrency prices have shown incredible resilience against increasing regulatory pressures. He also stated that BlackRock's#BitcoinETF application could be an important step in new bull market conditions.
“Prices actually went up after the FTX debacle. Now #BlackRock, the world's largest asset manager, says Bitcoin is an important asset and one that institutional investors will want to own for the next five to ten years.”