🎉Good news! Bitwise Chief Investment Officer Matt Hougan posted on the X platform, expressing optimism about the future of Bitcoin. He pointed out that although Bitcoin investment has been frustrating over the past year, it does not affect its long-term development. 🧐

🔍Hougan explained that the price of Bitcoin was once higher than the price in the free-floating market because of various mechanisms that artificially brought forward future demand. For example, the bankruptcy of Grayscale GBTC and Mt.Gox, as well as the confiscated Bitcoins of Silk Road, have brought forward tens of billions of dollars of future demand. 📈

😎However, these assets are now being unlocked, thanks to ETFs and the passage of time. As a result, Bitcoin must attract tens of billions of dollars in new demand to maintain the status quo. 🚀

🤔Hougan added that the market has eliminated most of the outstanding issues, such as the stabilization of GBTC assets, but has not eliminated all outstanding issues, which has put pressure on today's cryptocurrency market. 🔮

👏Let us look forward to the future of Bitcoin together! 💪