Bitwise CIO Sees Potential Market Rebound Linked to Ethereum’s Fusaka Upgrade

Matt Hougan, Chief Investment Officer at Bitwise, suggests that the current market downturn might be obscuring significant developments in cryptocurrencies. He highlights the increasing potential of tokens like UNI, ETH, and XRP as their value capture capabilities continue to rise. Hougan believes that market sentiment will soon shift as a result of Ethereum’s Fusaka upgrade, particularly if it delivers as anticipated on December 3rd. He sees this upgrade as an overlooked catalyst that could propel Ethereum into leading the next crypto market recovery.