Bitwise CIO: The current market needs to digest some long-term influencing factors, and there will be opportunities to buy again in the future

Bitwise Chief Investment Officer Matt Hougan stated that the current cryptocurrency market is showing signs of fatigue similar to mid-2018, with many feeling weary and giving up. As long-term influencing factors such as elections, Binance, and tightening monetary policies are digested, the market may need some time to alleviate. A significant buying opportunity is expected to arise at some point in the future, but it is currently difficult to predict. The breakthrough during the 2018 downturn came from innovation (DeFi), and he speculates that this time will be no different.

However, the arrival of a breakthrough is often hard to predict, and if opportunities could be seen in advance, it would undoubtedly trigger billions of dollars in business plans.