The Wolf Of All Streets Bitcoin Bounce Or Bull Trap? Has The Crypto Sell-Off Ended?
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Feb 26, 2025 
Matt Hougan, CIO of Bitwise, discusses the latest in the crypto market, highlighting a significant $70 million funding round that signals strong institutional interest. He dives into Bitcoin's recent price fluctuations and the resilience of investors amid challenges like ETF outflows and regulatory changes. The conversation sheds light on the optimistic outlook for Bitcoin driven by market fundamentals and increased institutional confidence, while also addressing the hurdles facing altcoins and the potential for long-term strategies like dollar cost averaging.
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Meme Coin Future
- The future of finance likely won't be built on meme coins, according to Matt Hougan.
- The market is realizing this, leading to a brutal altcoin correction.
Bitcoin ETF Outflows
- Recent outflows from US Bitcoin ETFs are likely due to the carry trade unwinding, not a shift in institutional sentiment.
- Long-term institutional investors haven't capitulated, suggesting continued bullishness.
Past Carry Trade Unwinds
- Scott Melker mentions the GBTC premium collapse, a previous example of a carry trade unwinding gone wrong.
- He also cites MicroStrategy's short squeeze, impacting Bitcoin's price, as another example of this dynamic.