Bitwise CIO says crypto is becoming a contrarian bet as AI stocks dominate markets

Bitwise CIO Matt Hougan calls crypto a 'contrarian bet'

Bitwise CIO: crypto shifted from momentum to contrarian bet as Nasdaq-100 up 43% YoY; investors reward fundamentals (Hyperliquid +72%) over macro. Clarity Act uncertainty (50-55% odds) limits institutional capital, making fundamentals-driven crypto a long-term allocation.