crypto fund Bitwise Asset Management‘s chief investment officer Matt Hougan expressed optimism about the crypto asset markets in the next few years.
In an interview on the “The Wolf of All Streets” YouTube channel, Hougan stated that he expects “an epic rise for the next three years.” Hougan noted that the next bull cycle is unprecedented.
“This bull market cycle, this four-year cycle, will be the biggest ever in terms of user adoption, overall market cap growth, pretty much everything we care about.
Of course, things are not going straight up and we are not going to move smoothly. There will be ups and downs. I even believe the fixes are helpful. But you can see what’s going on and you can feel it if you’re in the developer community. The excitement level is higher than ever in my experience in the crypto market.
All these developments were one of the things that helped us rise 50% this year. And that’s why I think we’re going to close at a higher level by the end of the year. And I think 2024 and 2025 will be even better.”
According to the Bitwise Asset Management CIO, every cryptocurrency cycle is driven by a technological breakthrough, and the upcoming cycle will be no exception.
The CIO claims that the next technological breakthrough will be even greater than the inception of Bitcoin and Ethereum. Adding that the technology is “layer-2”, the CIO stated that it will become mainstream as people show interest in this technology.