According to Mars Finance, as reported by The Block, Bitwise Chief Investment Officer Matt Hougan stated that despite the cryptocurrency market being in a bull market, there are still four important development factors that have not been fully priced in by the market. These factors include: the increasing prospect of government purchases of Bitcoin, such as central banks like the Czech Republic quietly positioning themselves; the possibility of the Federal Reserve implementing unexpected interest rate cuts before the end of the year; a significant decrease in volatility after the launch of Bitcoin spot ETFs, leading institutional investors to consider increasing their portfolio allocation to 5% or more; and the potential for the ICO market to enter the 2.0 era under the 'Project Crypto' initiative promoted by SEC Chairman Paul Atkins.

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