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) trades near $67,000 following a recent bounce from multi-month lows.
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Galaxy Digital: no
