Bitwise CIO: Crypto Perception Changing, Investors Less Bullish

IconCryptoNewsTerminal Staff31 Jul, 2024

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Bitwise CIO: Crypto Perception Changing, Investors Less Bullish

In a weekly note, Matt Hougan, chief investment officer (CIO) at crypto asset manager and bitcoin spot ETF issuer Bitwise, said, “Growing Congressional and government interest in crypto. Yet investors remain less than ebullient (frothy).” He added, “Former US President Donald Trump said he would buy bitcoin as a strategic asset, and Senator Cynthia Lummis introduced a bill that would have the Treasury buy 1 million BTC. The market perception of crypto is changing; these ideas would have been unthinkable just a year ago. Crypto investors have spent the last year focused on downside risk, but it is time to reassess the upside potential of BTC.”

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