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06/16 15:13Tăng giá

'That's the wrong question': Bitwise CIO reframes

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'That's the wrong question': Bitwise CIO reframes bitcoin bottom debate, points to long-term drivers Bitwise CIO Matt Hougan said Galaxy Digital, NYDIG, and Standard Chartered disagree on where bitcoin’s bottom lands, with calls ranging from $30,000 to $59,000. Hougan argued the bottom debate is less important for long-term investors, noting that all three firms expect another bull cycle after bitcoin finds a low. Bitwise Chief Investment Officer Matt Hougan said the debate over whether bitcoin has bottomed is the wrong question for long-term investors, pointing instead to whether the cycle top is still ahead. "That’s actually the wrong question for long-term investors to ask," he wrote in a note to clients on Monday. Hougan reviewed recent research from Galaxy Digital, NYDIG, and Standard Chartered, finding the three firms split on timing and price levels even as bitcoin BTC-1.21% trades near $67,000 following a recent bounce from multi-month lows. Galaxy Digital's bottom indicator scorecard tracks 13 conditions tied to valuation, miner stress, and sentiment that have historically marked cycle lows, including the 200-week moving average and the Mayer Multiple. The firm found four of those conditions fully met, two partially met, and seven unmet as of June 8, putting its base-case bottom at $40,000 to $46,000, with a wider range of $30,000 to $54,000.

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