$1,300,000,000 Digital Asset Fund Strategist Predicts Next Crypto Bull Market Will Be All-Time High

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The chief investment officer of crypto fund Bitwise Asset Management, Matt Hougan, expresses his optimism about digital asset markets over the next few years.

In a new interview on YouTube channel The Wolf of All Streets, Hougan says he’s “epically optimistic about the next three years.”

According to Hougan, the next bull cycle for crypto markets will be unprecedented.

“This bull market cycle, this four-year cycle, is going to be the biggest cycle yet in terms of user adoption, in terms of overall market capitalization increase, in terms of almost all the things that interest us.

It’s not going to be perfectly up and to the right. Of course, there will be bumps. We can talk about regulation, and I’m actually optimistic about regulation.

But you can see what’s going on and you can feel it if you’re in the developer community. The level of excitement is higher than it has ever been in my experience in the crypto market.

And that’s why we’re up 50% this year. And that’s why I think we’ll close higher by the end of the year. And I think 2024 and 2025 will be even better. »

According to the CIO of Bitwise Asset Management, every crypto cycle is driven by a technological breakthrough and the next one will be no exception.

“These cycles happen for a reason, and that is that there is a major technological breakthrough that results in a new bull market…

The reason I’m so excited is because I know what technological breakthrough is going to drive this next bull market. And it’s bigger than NFT [non-fungible token]Challenge [decentralized finance] and stablecoins. And I would say, bigger from a real world application than even the first bitcoin and ethereum startup.

And what it is is scalability. It’s the days of Layer 2. If you look at crypto, people have always wondered when this was going to become mainstream. He couldn’t until I thought this year.

If you think about how it tried to go mainstream in 2020, it broke, didn’t it? The cost of a transaction on Ethereum has reached $200. You can’t go mainstream if it costs $200 to complete a transaction.

But if you look at the pace of advancement in blockchain technology, the fee to complete a transaction has gone from $3 to $1.50. It may be $0.12 now. At the end of this year after [Ethereum Improvement Proposal]-4844 on Ethereum is going to be a fraction of a penny.

And the things you can do when it’s actually free to use a blockchain are so interesting and so exciting. It gets you into mainstream use in such a big way that I think this is the three-year cycle where crypto really breaks into the mainstream.

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