Bitwise CIO Predicts Further Growth for Bitcoin: Here's Why

IconCryptoNewsTerminal Staff01 Aug, 2024

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Bitwise CIO Predicts Further Growth for Bitcoin: Here's Why

In a recent interview, Matt Hougan, Chief Investment Officer (CIO) of crypto asset manager and Bitcoin spot ETF issuer Bitwise, expressed his bullish outlook on Bitcoin. He stated that "Bitcoin is up 9,700% over the last ten years, and it's going to go a lot higher." Hougan emphasizes the unique value proposition of Bitcoin as a digital store of wealth that eliminates the need for centralized entities and high storage fees. He encourages investors looking to preserve their assets to consider Bitcoin as a viable option. This positive sentiment echoes previous statements by Hougan, who has repeatedly emphasized Bitcoin's long-term growth potential and its role in the global financial landscape.

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