Public Company Bitcoin Holdings Are A 'Megatrend' Just Getting Started, Says Bitwise's Matt Hougan
Bitcoin Adoption by Corporations: Matt Hougan from Bitwise Asset Management noted a significant increase in public companies holding Bitcoin, with 79 companies now owning $57 billion, driven by concerns over dollar devaluation and the search for alternatives to cash. He predicts this trend will continue to grow, potentially pushing Bitcoin prices to $200,000 by year-end.
Regulatory Optimism and Investment Strategies: Hougan expressed optimism about the Senate's progress on the Genius Act stablecoin bill, which he believes could lead to a sustained bull market in crypto. Additionally, he discussed Bitwise's new ETF strategies that capitalize on market volatility while enhancing portfolio returns through Bitcoin's low correlation with traditional assets.
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