Bitwise CIO: Factors such as government accumulation of Bitcoin and Fed rate cuts have yet to be fully priced in by the market
According to ChainCatcher, The Block reports that Bitwise Chief Investment Officer Matt Hougan stated that although the cryptocurrency market is in a bull run, there are still four important developments that have not been fully priced in by the market.
These factors include:
- The increasing prospect of governments purchasing Bitcoin, with central banks such as the Czech Republic quietly making moves;
- The possibility that the Federal Reserve may implement more aggressive interest rate cuts than expected before the end of the year;
- Significantly reduced volatility following the launch of spot Bitcoin ETFs, prompting institutional investors to consider allocating 5% or more of their portfolios to Bitcoin;
- The potential arrival of the ICO 2.0 era under the "Project Crypto" initiative led by SEC Chairman Paul Atkins in the US.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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