Matt Hougan: The volatility of STRC indicates the end of the crypto cycle, and the market bottom is approaching
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Bitwise Chief Investment Officer Matt Hougan stated that the volatility of STRC is a phenomenon towards the end of the crypto cycle, and the market is approaching its bottom. STRC allocates Bitcoin with expected high returns and low volatility funds, and this mismatched funds need to be cleared out of the system. The role of Strategy in the Bitcoin market has shifted from a one-way buyer to a participant who can trade flexibly based on market conditions. Institutional investors are gradually entering the market, with Morgan Stanley launching a proprietary Bitcoin ETF and Wells Fargo incorporating Bitcoin into its model investment portfolio.