Market Bottom
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Bitcoin Retail Investors Reaching ‘Max Desperation’ But Crypto Winter Unlikely: Bitwise CIO
Bitwise CIO Matt Hougan suggests the recent Bitcoin dip, driven by retail investor “desperation,” may signal a market bottom. Despite a “crypto winter” atmosphere, institutional interest remains strong, fueled by crypto ETFs and advisor support. Hougan notes a shift towards an institutionally driven market, less reactive to short-term volatility. He believes Bitcoin could reach new all-time highs by year-end, driven by diminishing selling pressure and continued buying interest, potentially even reaching Michael Saylor’s $150,000 target.
