Bitwise’s Matthew Hougan said the best advice he could give traders is to “keep calm and take the long view.”
Bitwise chief investment officer Matthew Hougan said institutional investors would likely inject as much as $1 trillion into Bitcoin (BTC) through exchange-traded funds (ETFs) as they slowly move into crypto.
In a memo sent to investment professionals, Hougan addressed concerns over Bitcoin’s price volatility. As the asset bounces between $60,000 and $70,000, the executive said the best approach would be to “keep calm and take the long view.”
While the price seems unstable in the short term, Hougan noted many key events to look forward to in the coming months and years.
