Price Prediction
Matt Hougan: Bitcoin Could Rise Under Almost Any Macro Scenario
Bitwise chief investment officer Matt Hougan suggests Bitcoin could rise under almost any macroeconomic scenario. Despite Bitcoin's recent fall near $81,100, Hougan believes Bitcoin will continue to rise, citing historical examples of Bitcoin's recovery from significant drops. He notes that Bitcoin fell 50% in days during the early 2020 COVID panic before rising about twentyfold. Hougan also mentions potential risks such as quantum computing threats to old wallets, government crackdowns, or austerity measures, though he considers these unlikely but not impossible.