TechFlow reports that Matt Hougan, Chief Investment Officer (CIO) of crypto index fund manager Bitwise, said the cryptocurrency market is entering a multi-year bull run driven by the long-awaited wave of institutional interest. In an interview with Bloomberg, he noted that despite increasing regulatory scrutiny, crypto prices have shown remarkable resilience. Recently, BlackRock's iShares filed application documents for the iShares Bitcoin Trust, which could further fuel the new bull market. Hougan believes bitcoin will be one of the essential assets institutions must hold over the next five to ten years, and that a new era for crypto has begun—what he calls "the mainstream era of cryptocurrency."
Moreover, he predicts that beyond asset prices, the crypto market will enter a new chapter of growth. Crypto equities are flourishing, and he expects a wave of new crypto company listings. As bitcoin and other crypto asset prices continue to rise, companies interested in the crypto space and crypto infrastructure firms will see stronger performance. Consequently, Hougan anticipates that IPO pipelines will open up, with crypto stock indices rising over 100% this year, leading to a significant increase in new listings. In short, he believes this is an incredibly exciting time for cryptocurrency, and the industry is poised for rapid growth.
