Citing The Street Crypto, Bitwise Chief Investment Officer Matt Hougan views Bitcoin's recent 10% price correction as a buying opportunity rather than a cause for concern. Despite the slide to $96,000, Hougan emphasizes the continued strength of the crypto market, supported by institutional interest from Wall Street and firms like BlackRock. He notes that the current market environment is more resilient compared to previous cycles. Ethereum also experienced a 12% decline, which Hougan describes as a buying opportunity, with a year-end price target of $7,000 for 2025. The market sell-off is attributed to the unwinding of leveraged positions, with over $1 billion liquidated recently. Hougan reassures investors that the bull market remains intact, bolstered by strong ETF inflows and institutional backing.
Bitwise CIO Sees Bitcoin's 10% Correction as Buying Opportunity
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