EconomyBitwise’s Hougan Says Crypto Winter May Be Nearing Its Bottom

Matt Hougan, chief investment officer at Bitwise Asset Management, says the crypto winter may be approaching its bottom. He discussed the implications of the Coldcard wallet hack on Bloomberg Crypto. In his view, the incident could weaken investors’ confidence in holding assets through self-custody. That loss of confidence may strengthen the case for spot Bitcoin exchange-traded funds. The remarks link a security breach in crypto wallets with a possible shift in investor preferences.