Bitcoin May Have Already Bottomed, Says Bitwise CIO Matt Hougan

BitcoinWorld Bitcoin May Have Already Bottomed, Says Bitwise CIO Matt Hougan Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, believes Bitcoin may have already passed its bear-market bottom.

In a recent interview with Bloomberg, Hougan pointed to the cryptocurrency’s resilience in the face of several negative developments, suggesting that the market could be stabilizing.

Resilience Amid Headwinds Hougan noted that Bitcoin’s price has held up relatively well despite a series of challenges, including the Coldcard wallet hack, delays to the CLARITY Act, and recent BTC sales by Strategy (formerly MicroStrategy).

These events, which might have triggered a sharper sell-off in a weaker market, have not pushed prices significantly lower. This, according to Hougan, could indicate that selling pressure is exhausting and that the market has found a floor. The CLARITY Act, a proposed U.S.