TechFlow, August 14 — According to Theblock, Bitwise Chief Investment Officer Matt Hougan said that despite the crypto market being in a bull run, four key developments have not yet been fully priced into the market.
These factors include:
1. Increasing prospects of governments purchasing Bitcoin, with central banks such as the Czech Republic quietly positioning themselves;
2. The Federal Reserve potentially delivering more-than-expected rate cuts by year-end;
3. A significant decline in Bitcoin's volatility following the launch of spot Bitcoin ETFs, prompting institutional investors to consider increasing allocations to 5% or higher;
4. Under SEC Chairman Paul Atkins' "Project Crypto," the ICO market may enter a 2.0 era.
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