Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point
Bitwise said STRC’s volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin’s biggest buyer.
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Bitwise said STRC’s volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin’s biggest buyer.
Long-time bitcoin bull Matt Hougan told CoinDesk that during this bear market and with ‘doubts swirling’, investors have found ‘it easier to reach for something more tangible:’ stablecoins and tokenization.
New fundraising rounds for three institution-focused blockchains show how regulation, privacy and corporate competition are reshaping crypto infrastructure, according to Bitwise CIO Matt Hougan.
Hougan says bitcoin could reach that milestone if it captures a larger share of the global store-of-value market, though analysts say it would likely take years of institutional adoption and macro shifts.
The asset manager said it was sticking to its 2025 year-end bitcoin price target of $200,000.
This year was good for crypto, but 2025 might turn out even better for the sector, according to Bitwise Asset Management.
Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.
The two Bitwise executives have worked tirelessly to get crypto exchange-traded funds approved by the SEC, and this year they finally succeeded.
Crypto-investments firm Bitwise took a big jump Thursday toward offering a Solana exchange traded fund (ETF) in the United States.
If Vice President Kamala Harris beats Donald Trump in the U.S. presidential election, that could be good for Ethereum, though crypto is in good shape either way, Bitwise’s Matt Hougan says.