The cryptocurrency market is riding near-record levels for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), but Bitwise Chief Investment Officer Matt Hougan believes several overlooked factors could still drive prices sharply higher.
What Happened: In a note to clients on Wednesday, Hougan pointed to improving regulatory clarity, growing stablecoin adoption, increased corporate treasury purchases, and steady institutional ETF inflows as widely recognized drivers of the current rally, according to The Block.
