Imagine standing at the foot of a mountain, ready to embark on a thrilling climb that promises to reward you with breathtaking views. This is where we find ourselves in the world of Bitcoin, at the onset of a multi-year bull market that’s about to take off, according to the CEO of Bitwise, the world’s largest crypto index fund manager.
In a recent interview with Bloomberg, Matt Hougan shared that the persistent resilience of crypto prices in the face of escalating regulatory scrutiny is a testament to the strength of the industry. He sees a surge of institutional interest as the fuel that’s priming the engines for this exciting journey into a new era of crypto.
Hougan points to BlackRock’s recent venture into Bitcoin as the tipping point for the upcoming bull market conditions. BlackRock, as the world’s most significant asset manager, has thrown its hat into the ring, acknowledging Bitcoin’s relevance. In their eyes, Bitcoin is an asset that institutional investors will be keen to hold onto for the next five to ten years. This endorsement from a major player signifies a shift into what Hougan dubs ‘the mainstream era of crypto,’ where Bitcoin and other digital assets take center stage.
The Rise of Crypto Equities
But Hougan isn’t just excited about Bitcoin. He foresees a new chapter of growth that extends beyond asset prices. In his view, crypto equities are about to bloom, and we can expect a tidal wave of new crypto companies making their debut in the stock market.
He explains that there’s a pent-up pipeline of interested companies within the crypto space, particularly crypto infrastructure companies that are set to see stronger results as Bitcoin and other crypto assets continue to ascend. Crypto equities, or stocks with high exposure to the digital asset markets or the underlying distributed ledger technology, have outperformed crypto asset prices, according to Bitwise’s index.
Hougan predicts that the initial public offering (IPO) pipeline will soon be bursting at the seams. He’s certain that we’re about to witness more debuts and significant industry growth. In his words, “It’s a really exciting moment for crypto.”
Whether you’re an institutional investor or an individual with a passion for digital assets, this is a time to keep your eyes on the market. The climb is just beginning, and the view from the top promises to be spectacular.
Robert J. Smith is still early into his career as tech reporter but has already had his work published in many major publications including JoyStiq and Android Authority. In regards to academics, Robert earned a degree in business from Fordham University. Robert has passion for emerging technology and covers upcoming products and breakthroughs in science and tech.
