Bitwise Chief Investment officer Matt Hougan says Bitcoin (CRYPTO: BTC) refusing to react to bad news is one of the clearest signs the crypto winter is ending.
Why Does Bitwise's Matt Hougan Think Bitcoin's Bottom Is in?
Hougan told Bloomberg Television that over the past few months, negative headline after negative headline has failed to move Bitcoin lower.
Bad News EventBitcoin's ReactionStrategy (NASDAQ:MSTR) began selling BitcoinPrice held flatSTRC (NASDAQ:STRC) traded down to $75Price held flatClarity Act passage odds fell from the mid-40s into the teensBitcoin kept grinding higherColdcard hardware wallet hackPrice barely movedSource: Bloomberg Television Interview "One sign that you're at the bottom of a bear market is when an asset stops responding to bad news," Hougan said.
"We're ignoring bad news.
