The investor said the crypto market is poised to continue its recent rally, with Bitcoin potentially reaching new all-time highs in the coming year.

투자자는 암호화폐 시장이 최근 상승세를 이어갈 준비가 되어 있으며 비트코인이 내년에 사상 최고치를 경신할 가능성이 있다고 말했습니다.

Speaking in an interview on CNBC on Dec. 6th, Bitwise Chief Investment Officer Matt Hougan argued that the latest spike in Bitcoin (BTC) and crypto assets is driven by a combination of factors. These include growing institutional interest in crypto, speculation around a spot Bitcoin ETF approval, and investors positioning into inflation and risk-on assets amid falling bond yields.

Every bull market has multiple drivers. You mentioned earlier the likelihood of a spot Bitcoin ETF. I think that’s a huge driver of what we’re seeing in crypto.

모든 강세장에는 여러 동인이 있습니다. 앞서 현물 비트코인 ​​ETF의 가능성에 대해 언급하셨습니다. 나는 이것이 우리가 암호화폐에서 보고 있는 것의 큰 원동력이라고 생각합니다.

But what you mentioned with gold and with interest rates coming down on the 10 year in the US expectation for future interest rate cuts, I think people are moving into sort of inflation sensitive and risk on assets and assets that provide sort of a protection against economic risk.

Matt Hougan

You might also like: Buy XRP, not Bitcoin, analyst suggests

당신도 좋아할 수도 있습니다: 분석가는 비트코인이 아닌 XRP를 구매하라고 제안합니다.

Hougan believes this rally has momentum to continue over the long term, asserting that it marks the beginning of mainstream institutional adoption of crypto assets. In his view, the market is transitioning from being retail-dominated to having rising participation from institutional investors.

What this crypto bull market is about is about professional investors and institutional investors entering the market for the first time, really for the last 13 years of Bitcoin’s existence. […] The advent of an ETF firms like BlackRock coming into the market, that’s going to be the big money into the crypto market for the first time ever.

이 암호화폐 강세장은 비트코인 ​​존재의 지난 13년 동안 처음으로 전문 투자자와 기관 투자자가 시장에 진입하는 것에 관한 것입니다. [...] BlackRock과 같은 ETF 회사가 시장에 등장하면 사상 최초로 암호화폐 시장에 큰 돈이 될 것입니다.

Matt Hougan

While expecting near-future volatility after this year’s sizeable run-up, Hougan predicts new all-time highs for Bitcoin within 6-12 months. He also stated that the crypto bear market, or “crypto winter”, is over.

We’re no longer talking about FTX. We’re talking about Fidelity. We’re no longer talking about BlockFi. We’re talking about BlackRock. We’re in the crypto spring. This is the dawn of a major and I believe multi-year bull market in crypto. I think it’s the mainstream era of crypto. So, yes, crypto winter is behind us and we see the green shoots and there are still warm days ahead.

Matt Hougan

Read more: Crypto analyst sees continued upside to Dogecoin gains

더 읽어보기: 암호화폐 분석가는 Dogecoin 이익의 지속적인 상승을 확인합니다