Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s (CRYPTO: BTC) next major wave of demand will come from the "final boss of investing" which is the institutional capital.
Who Buys After Strategy?
Speaking in a Milk Road interview on July 19 alongside Bitwise research head Ryan Rasmussen, Hougan argued that Bitcoin has repeatedly transitioned from one dominant buyer group to another and is now approaching its largest potential source of capital yet.
Concerns have emerged over whether Bitcoin could face a demand gap as Strategy Inc. (NASDAQ:MSTR), slows or changes its purchasing activity.
Hougan said Bitcoin’s history is defined by its largest buyer eventually handing the baton to a new group.
