Crypto's long-term fundamentals strong despite market rout — Bitwise CEO
Bitwise CEO Hunter Horsley took a contrarian view to the prevailing crypto investor sentiment, which dropped to a six-month low on Saturday.
The crypto market’s long-term fundamentals look promising, despite the shakeup in October and November that has left asset prices down and investor sentiment to crater, according to Hunter Horsley, CEO of investment firm Bitwise.
Horsley said the four-year market cycle is dead, replaced by a more mature market structure and changed dynamics due to the pro-crypto regulatory pivot in the US. He said in a Friday X post:
I think there’s a pretty good chance that we’ve been in a bear market for almost 6 months now and are almost through it. The setup for crypto right now has never been stronger,” Horsely added.
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