Bitwise CIO Defends Bitcoin Amid Bear Market Fears

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, is dismissing recent bear market concerns surrounding Bitcoin, instead asserting its long-term value as a digital wealth storage solution. He emphasizes the strength of institutional interest in Bitcoin, which is expected to continue driving growth despite current price fluctuations. Hougan sees this period as a prime buying opportunity for investors seeking long-term gains.