Bitcoin (CRYPTO: BTC) may be approaching the end of its current “crypto winter,” according to Matt Hougan, chief investment officer at Bitwise Asset Management, who says the market is likely closer to a recovery phase than another downturn.
Cycle Still Intact
In an Apr. 10 interview with Cointelegraph, Hougan said the broader four-year crypto cycle remains intact and could be entering a bottoming phase around mid-April.
He pointed to seasonal tax-related selling pressure in the United States as a possible factor contributing to recent weakness.
Hougan argued that while risks remain, including regulatory uncertainty around legislation …