Next bull run will be slower, less volatile as investors’ crypto appetite evolves, Bitwise CIO says
Long-time bitcoin bull Matt Hougan told CoinDesk that during this bear market and with ‘doubts swirling’, investors have found ‘it easier to reach for something more tangible:’ stablecoins and tokenization.
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Summary
- Crypto’s next bull market is likely to be slower and less volatile because Wall Street is shifting attention from pure digital assets to real-world applications like tokenization and artificial intelligence, according to Bitwise CIO Matt Hougan.
- Despite bitcoin’s price being down 26% this year and still about 50% below its record high, interest from investment advisers and institutional-focused firms remains strong.
- Stablecoins and tokenization are drawing growing investor interest as more tangible, real-world use cases than purely digital assets.
