According to Deep Tide TechFlow news, on December 19, Bitwise Chief Investment Officer Matt Hougan expressed his views on X, detailing why he believes the current bullish trend in the cryptocurrency market will continue.
Despite the Federal Reserve's latest policy statement causing a short-term shock to the market—lowering next year's rate cut expectations from 4 times to 2 times—Hougan believes this is merely a brief interlude in the bull market process. He pointed out that the cryptocurrency market has developed an endogenous momentum independent of Federal Reserve policy, with four core trends continuing to drive industry development.
Washington's regulatory attitude has clearly shifted to active support
Institutional investors are entering the market faster, with continuous inflows into ETFs
Government and corporate institutions are strategically increasing their holdings of Bitcoin
Breakthroughs have been made in programmable blockchain technology
From a technical perspective, Bitcoin's 10-day exponential moving average (approximately $102,000) continues to stay above the 20-day moving average (approximately $99,000). Hougan stated that this classic technical indicator has historically reflected market trends well.
Hougan emphasized that the cryptocurrency market is in a new multi-year bull market cycle, and a 50bps rate cut is not expected to change this.
