A money crash even weighing on the crypto, but Bitcoin will rebound: hougan
Matt Hougan, director of investments in Bitwise, estimates that the current slowdown in the cryptography market signals the end of coin Boom, but it remains optimistic about the future of Bitcoin.
Bitcoin decline and potential rebound
Bitcoin fell to a hollow of three months, below $ 90,000.
- Despite this drop, Hougan is convinced that Bitcoin will bounce back, given its fundamental strength.
- He underlines that the slowdown in the market is largely motivated by the collapse of the parts even rather than by the performance of Bitcoin.
Same corner fenny finding
Hougan believes that the rise of money even, including parts like Official trump And Official Mélanieapproach its end.
- He suggests that this could happen in the next six months due to factors such as criminal activity and negative feeling.
- He specifically underlined the Lazarus group The use of memes parts to whiten Ethereum stolen, which can lead to a rapid drop in the market.
The same currency accident has already experienced significant liquidations, with more $ 1.5 billion destroyed in just 24 hours.
- DOGECOIN (DOGE),, Pepe (pepe)And Trump (Trump) Everyone fell by more than 14%.
- Melania has lost more than 25% of its value.
Negative trail market of feelings
Hougan underlines that negative feeling The surrounding coins contribute to the slowdown.
- However, there is hope about the future of Bitcoin, stable,, tokenizationand a potential renewal in Challenge (Decentralized finance).
- Hougan thinks that these emerging sectors could compensate for the current losses and fuel the next growth phase of the crypto.
He notes:
- “The good news is that there are already things ready to replace it, including the institutional adoption of bitcoin, stablecoins, tokenization and a renaissance in Defi. But until they gain ground, the market will experience a little drag. »»
Prospects for altcoins and institutional adoption
Despite the overall feeling of the negative market, Hougan is optimistic altcoins.
- In early February, he noted that crypto could present an opportunity, especially since institutional adoption increases.
- With growing interest in Stock market negotiated funds (ETF) For the best cryptocurrencies, altcoins should benefit from a favorable environment.