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Matt Hougan: Crypto Is Down 50%… Wall Street Is ALL-IN
Description
Is the Bitcoin bottom already in, or does crypto have another leg lower before the next bull run? In this episode of the Milk Road Show, Bitwise CIO Matt Hougan joins John Gillen to explain why Bitcoin’s unusually quiet price action could actually be a bullish signal, and why institutional crypto adoption continues to accelerate despite the bear market. Matt breaks down why “bear markets die in apathy,” what Bitcoin’s resistance to bad news could be telling investors, and whether waiting for a widely anticipated October bottom could be a mistake. He also explains how he thinks about buying Bitcoin today versus DCAing into a position. But the bigger story may be what’s happening behind the scenes on Wall Street.
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