Unstoppable Crypto Bull Market: Fed Policies Won’t Slow It Down
Despite recent volatility following the Federal Reserve’s reduced rate cut projections for 2024, Bitwise CIO Matt Hougan remains optimistic about crypto’s long-term growth.
He believes the multi-year bull market remains intact, driven by factors like rising institutional adoption, pro-crypto policies, and breakthroughs in blockchain technology. While Bitcoin dipped below $100K, Hougan sees this as a temporary setback, exacerbated by leveraged trading, and not a reversal of the broader bullish trend.
He points to Bitcoin’s resilient moving averages and the diminishing influence of the Fed as key indicators of crypto’s ongoing momentum.
Clever Robot News Desk 22th December 2024
