Bitwise CEO: Crypto Fundamentals Strongest wit Bitcoin ETFs
Bitwise CEO Hunter Horsley tok say crypto fundamentals neva bin strong presin despite say market don dey bear for six months. Him talk sey di traditional four-year cycle don end and say market don mature now wey dey drive trading. E gbe credit go US pro-crypto regulation and di launch of Bitcoin ETFs wey bring new players and strong market dynamics. Dis one na different gbege from di extreme investor fear—Crypto Fear & Greed Index dey 16—and Bitcoin recent low at $94,590, wit analysts tok say e fit drop again to $86,000. Market teacher Robert Kiyosaki talk say liquidity tight and say crypto go rally once government increase money supply. Even though Fed don start to cut rate, na only 44% traders believe say dem go cut again for December, wey mean say liquidity fit still tight. Traders suppose balance Horsley tori for long-term bullish outlook with di fear wey dey now and liquidity wahala, because crypto fundamentals dey support possible market turnaround.
Bullish
Horsley talk dey show how dem dey get more support from big big institutions through Bitcoin ETFs plus say regulators don clear road, e mean say crypto get better foundation even if market dey fall now. Even though plenty fear and money wahala fit put pressure for short term price, if Fed comot some tightening plus money supply full ground, e fit make market go up medium to long term. Traders fit still see price waka comot around $86,000–$95,000 but dem suppose dey put money for market before e recover, sake of the ETFs plus government support.