Bitwise CIO sees Bitcoin volatility halving as institutional investments surge
22 hours ago 1 min readBitwise’s Chief Investment Officer, Matt Hougan, forecasted a 50% reduction in Bitcoin’s volatility as a result of institutional participation. Hougan reiterated his $250,000 Bitcoin price projection in a comprehensive investment report for the upcoming years. Prior to the 2024 halving event, Bitcoin achieved unprecedented peaks. Hougan anticipates that these sudden increases will persist beyond the halves of Bitcoin, a trend that has been observed since the halving event in 2012 when Bitcoin was valued at $13. Hougan emphasized the significance of spot Bitcoin ETFs, which are highly appealing to large-scale institutional investors. Their commitment lies on stabilizing cryptocurrencies through the