Bitwise CEO Discusses Shifts in Cryptocurrency Market Dynamics

According to BlockBeats, Bitwise CEO Hunter Horsley recently commented on the evolving nature of the cryptocurrency market. Horsley noted that while discussions often revolve around a four-year cycle, this model is rooted in the past era of cryptocurrencies. He highlighted that since the introduction of Bitcoin ETFs and the appointment of new management, the market structure has undergone significant changes. These include the emergence of new participants, dynamics, and motivations for buying and selling. Horsley expressed the belief that the market may have experienced a bear phase lasting nearly six months and is on the verge of recovery. He concluded by stating that the current environment for cryptocurrency development is more favorable than ever before.