Matt Hougan, chief investment expert at cryptocurrency fund Bitwise, shared his positive feelings about the market in a new interview. Hougan announced that he expects an “epic rise” in the upcoming period. It also seems to have created a certain timeline for the upcoming process. Here are the details…
Rise comment from crypto money expert
Matt Hougan, chief investment officer of cryptocurrency fund Bitwise Asset Management, is optimistic about the crypto asset markets for the next few years. In a new interview on The Wolf of All Street’s YouTube channel, Hougan says he’s “epically on the rise for the next three years.” According to Hougan, the next bull cycle for crypto markets will be unprecedented. “This bull market cycle, this four-year cycle, will be the biggest ever in terms of user adoption, in terms of overall market value growth, in terms of pretty much everything we care about,” the expert said.
But he doesn’t think everything will go smoothly. He did not neglect to mention that some obstacles will be of all kinds. Specifically, he thinks there may be some barriers to regulation. However, he said he was optimistic about the regulation. “But if you’re in the developer community, you can see and feel what’s going on. The excitement level is higher than ever before in my experience in the crypto market.”
There’s a new breakthrough in every cycle
That’s why the analyst, who said that we saw a 50 percent increase this year, pointed to higher levels until the end of the year. He also added, “I think 2024 and 2025 will be even better.” According to Bitwise Asset Management CIO, every crypto cycle is driven by a technological breakthrough, and what’s coming will be no exception. The CIO used the following statements:
There is a reason for these cycles, and that is that there is a major technological breakthrough driving a new bull market… The reason I am so excited is because I don’t know what the technological breakthrough will be that will drive the next bull market. This is bigger than NFT [non-fungible token], DeFi [decentralized finance] and stablecoins. I’d argue it’s even bigger than a real-world application, even the inception of Bitcoin and Ethereum. This is scalability. Layer-2 era. If you look at crypto, people have always wondered when scalability will go mainstream.
Furthermore, Hougan stated that in 2020 the crypto space is trying to go mainstream. But noting that the cost of a transaction in Ethereum hits $200, he said, “if it costs $200 to execute a transaction, you can’t go mainstream.” Since then, scalability studies have accelerated, as we reported as Kriptokoin.com. Scalability aims to reduce transaction fees on the network and increase transaction speed.
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