Bitcoin P&L ratio falls to 43-month low
Bitwise chief investment officer Matt Hougan said the bottom is “closer than ever,” while a Swan Bitcoin analyst suggested investors buy now at a discount rather than overpaying later.
Showing 1–5 of 5
Bitwise chief investment officer Matt Hougan said the bottom is “closer than ever,” while a Swan Bitcoin analyst suggested investors buy now at a discount rather than overpaying later.
Bitwise’s Matt Hougan said Strategy's STRC offer of high yields and low volatility was always a questionable fit for buying Bitcoin, as the cryptocurrency offers neither.
Strategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.
Bitwise CIO Matt Hougan has said Bitcoin may be moving closer to a market bottom as Strategy’s STRC stress drains excess leverage from the market. Bitwise Chief Investment Officer Matt Hougan wrote in his latest weekly memo that the recent…
Bitwise CIO Matt Hougan says the STRC unwind is clearing excess leverage from Bitcoin and could signal that the crypto market is nearing a bottom. The post Bitwise CIO sees new Bitcoin bull market beginning this fall appeared first on Crypto Briefing.