According to ChainCatcher, The Block reports that Bitwise Chief Investment Officer Matt Hougan stated that although the cryptocurrency market is in a bull run, there are still four important developments that have not been fully priced in by the market.
These factors include:
The increasing prospect of governments purchasing Bitcoin, with central banks such as the Czech Republic quietly making moves;
The possibility that the Federal Reserve may implement more aggressive interest rate cuts than expected before the end of the year;
Significantly reduced volatility following the launch of spot Bitcoin ETFs, prompting institutional investors to consider allocating 5% or more of their portfolios to Bitcoin;
The potential arrival of the ICO 2.0 era under the "Project Crypto" initiative led by SEC Chairman Paul Atkins in the US.
