Bitwise Chief Investment Officer Matt Hougan is urging investors to look past Bitcoin’s sharp pullback, arguing that the cryptocurrency’s long-term value has little to do with its recent slide and everything to do with the service it provides.
Key Takeaways:
In a memo sent to clients late Tuesday, Hougan dismissed concerns about a deeper downturn, saying the current drop, roughly 27.5% from Bitcoin’s October all-time high, is “short-term noise.”
Bitcoin briefly dipped below $90,000 this week, prompting renewed questions from investors about what underpins its value.
https://cryptonews.co
Key Takeaways:
In a memo sent to clients late Tuesday, Hougan dismissed concerns about a deeper downturn, saying the current drop, roughly 27.5% from Bitcoin’s October all-time high, is “short-term noise.”
Bitcoin briefly dipped below $90,000 this week, prompting renewed questions from investors about what underpins its value.
https://cryptonews.co
1 month ago
