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Volatility in crypto markets to continue for next few months: Expert
Crypto expert on whether the big dip presents a buying opportunity
Bitwise Asset Management CIO Matt Hougan weighs in as bitcoin plunged, then bounced back on Thursday.
Bitwise Asset Management CIO Matt Hougan argued on Thursday that markets are experiencing a macro-driven risk repricing of all risk assets, including bitcoin, which introduces "significant volatility" in the short term.
Bitwise Asset Management CIO Matt Hougan warns volatility in the crypto market will stick around for the next few months.
Speaking on "Varney & Co." he warned that volatility will stick around for the next three to six months, but noted that he believes "the long-term outlook for bitcoin is very strong."
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Hougan provided the analysis as bitcoin plunged to the $25,000 level, then bounced back over $30,000 on Thursday, according to CoinDesk. As of Thursday afternoon, the crypto was trading around $29,000, down from its all-time high of over $68,000 reached in November 2021.
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