Matt Hougan, chief investment officer at Bitwise Asset Management, said: bitcoin He explained that he is confident that the price will reach all-time highs.
Participating in a new interview on Fox Business channel Matt HouganHe predicted that Bitcoin will likely surpass the $30,000 level in the near term and hit all-time highs next year.
hougan, cryptocurrency He believes that the market has struggled with negative events last year after rising very quickly, but is ready to recover after clearing excessive leverage.
I’m pretty clear that we’re going to surpass the $30,000 levels. Sooner or later, moves will come to reach all-time highs. Negative events like LUNA and FTX over the past year have deeply affected the cryptocurrency market. Everything grew fast, but the negative events really had a deep impact. However, it recorded an incredible 77% rise in 2023 and became the best performing asset class in the world. We may not see good performance this year, but I believe it is highly likely to happen next year.
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Hougan also criticizes Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), for applying rules created in the 1930s to regulate technological innovations in the 21st century.
This is the only industry in America begging for more regulation. We want more rules, more clarity, so that the benefits are passed on to the American people. Gensler and the SEC are trying to apply these rules, written in the 1930s, to technology in the 21st century. This doesn’t work.
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Bitcoin is trading at $29,416 at the time of writing.
You can follow the current price action here.