Hawgan admitted that in recent months the first cryptocurrency has survived one of the most unstable periods. However, as soon as the crypto is stabilized, Bitcoin will reach recent historical maximums and even surpass them. The BitWise top manager recalled that during the BTC coronavirus, it fell below $ 5,000, while today’s price minimum was fixed at $ 80,000.
The expert said that Bitcoin evolved from speculative cryptocurrency into the legal macroactiv, since institutional investors are invested in it: hedge funds, corporations and even sovereign welfare funds. Thanks to this, Bitcoin became more stable, unlike 2020, when panic dominated in the crypto.
Today’s Bitcoin holders believe in his long -term potential, Housogan said. In addition, Bitcoin is no longer threatened by government bans. When US President Donald Trump signed a decree on the creation of a state reserve in bitcoins, this increased the long-term viability of cryptocurrencies, the Bitwise top manager concluded.
In February, Hawgan said that difficult times came for altcoins, and only BTC, SOL and XRP will remain in the “Green Zone”. Recently, the expert suggested that Bitcoin will strengthen his position due to the weakening of the US dollar.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
