Bitwise Chief Investment Officer Matt Hougan said in an interview with CNBC Squawk Box that the sharp rebound in Bitcoin prices after the halving was a "buy on the news" event.
He also pointed out that the reason for the rebound in Bitcoin prices in the past three halvings in the year was the supply tightening in the months after the halving.
I opened 3 multiple orders in the morning, and I saw constant losses. I was about to settle, but when I saw that the ID was flying, wow wow, wow wow🤣 #ID