• Bitwise CIO Matt Hougan says we’re in a classic crypto winter but fundamentals are racing ahead of price, and expects recovery by 2027.
Article Summaries:
- Bitwise’s chief investment officer, Matt Hougan, argues that the cryptocurrency market is currently in a “classic crypto winter,” with prices lagging behind underlying fundamentals. He notes that key metrics-such as on‑chain activity, institutional adoption, and regulatory clarity-are improving faster than market sentiment. Hougan remains bullish, projecting a rebound by 2027 as these fundamentals mature. The view underscores a belief that the market’s long‑term trajectory is driven more by structural factors than short‑term price swings.
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