According to Odaily, Bitwise Chief Information Officer Matt Hougan believes that the market is not optimistic enough about Bitcoin. Following the Bitcoin 2024 conference, Hougan suggests that investors need to reassess the potential for significant gains in this mainstream cryptocurrency. He attributes the growing political support for Bitcoin to its increasing popularity among Americans. The strong lobbying influence of the cryptocurrency industry in Washington has led many politicians to publicly endorse Bitcoin, often more to capitalize on its rising prominence than out of genuine belief in its value. This shift in perspective and Bitcoin's growing acceptance have prompted Hougan to 'rethink what is possible.' Hougan notes that ideas once considered far-fetched are becoming increasingly plausible: G20 nations adding Bitcoin to their balance sheets to outpace the U.S., the rapid passage of comprehensive crypto legislation due to bipartisan support, and widespread adoption of crypto by Wall Street.