Bitwise CIO Matt Hougan Says Crypto Bottomed in June, Sees Multi-Year Bull Market

Hougan's call is a notable shift from caution to conviction, but the immediate price action undercuts it: bitcoin slipping below $74,000 on a hot inflation print shows how quickly macro data can override a bull thesis. The gap between a multi-year forecast and a single day's move is the real story here, and it matters most for readers weighing how much weight to give CIO commentary versus incoming data. Whether the June low actually holds as a bottom, and whether inflation readings keep pressuring risk assets, is the open question.