Bitwise CIO Matt Hougan on the gap between Crypto Twitter’s despair and Wall Street’s calm
Matt describes a striking disconnect. On Crypto Twitter, it’s the era of despair, Bitcoin is over, this is the end. But talk to Morgan Stanley, Wells Fargo, UBS, or Merrill Lynch, and it’s completely different. They started reorienting around Bitcoin two years ago and move in decade long cycles, which is why Morgan Stanley is launching Solana ETFs even with Solana well off its highs. His framing is that the questions Crypto Twitter will be asking in six months, if Bitcoin has rallied, are the conversations already happening on Wall Street today, that this is a normal pullback and a good entry point.
#Bitcoin #Crypto #WallStreet #Markets #Bitwise
Powered by WPeMatico
