Bitcoin Poised To Rise If Macro Obstacles Clear, Bitwise’s Matt Hougan Says
Bitcoin (CRYPTO: BTC) is acting like an asset eager to climb higher if macroeconomic obstacles were to ease, according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management.
What Happened: Despite significant market turbulence, Bitcoin has demonstrated resilience, trading flat over the past month amid global economic challenges, signaling a maturing asset increasingly viewed as a hedge against macro uncertainties.
Hougan’s analysis on Tuesday highlights Bitcoin’s stability, noting that it traded at $84,379 at the time of publishing his analysis, nearly unchanged from $84,317 a month prior, a mere 0.07% return over 30 days.
This steadiness comes amid major events, including the U.S. establishing a Bitcoin strategic reserve and President Donald Trump’s global tariffs.
“Bitcoin is acting like an asset that wants to go higher, if only macro obstacles would get out of the way,” Hougan wrote, emphasizing its potential for growth once external pressures subside.
He expressed frustration at the market’s lack of movement, …
About The Author
