• Bitwise CEO, Matt Hougan, predicts a multi-year bull market for crypto assets due to increasing institutional interest
• He cites BlackRock’s recent entrance into the Bitcoin (BTC) space as indicative of the trend
• Hougan believes that a wave of new crypto companies entering the stock market will create exciting growth opportunities
Bitwise CEO Predicts Multi-Year Bull Market
Bitwise CEO Matt Hougan has predicted a multi-year bull market in cryptocurrencies and digital assets fueled by institutional investors. He cited BlackRock’s recent foray into Bitcoin (BTC) as an example of this growing trend.
Crypto Prices Show Resilience In Face Of Regulatory Scrutiny
Hougan noted that crypto prices have been steadily climbing since November 2020 despite increasing regulatory scrutiny. He believes that the entry of a major player like BlackRock is indicative of what is to come in terms of institutional investment.
Pipeline Of Crypto Companies Set To Enter Stock Market
Hougan also stated that he expects a pipeline of interest companies from the crypto space to enter stock markets soon, which could result in strong performance for those companies. This could be further bolstered by rising crypto asset prices.
Crypto Equities Outperform Crypto Asset Prices
The CEO highlighted that crypto equities have outperformed crypto asset prices this year with their index up more than 100%. This suggests that there may be significant potential in these stocks going forward.
Exciting Moment For Crypto Industry
Overall, Hougan declared that this is an exciting moment for the cryptocurrency industry and predicted rapid growth over the coming years as more institutions invest in digital assets and new companies enter public markets.