Recovery in the cryptocurrency market is likely to take longer than many traders anticipate, as Wall Street investors and advisory firms increasingly prioritize real-world applications such as tokenization and artificial intelligence over pure digital assets, according to Matt Hougan, chief investment officer of asset‑management firm Bitwise.
“We’ve lost investors’ attention to other hot trends, most notably AI,” Hougan said in an email interview. “I expect the next bull market to be slower and less volatile than previous cycles.”
Nevertheless, registered investment advisors who counsel high‑net‑worth individuals and institutional capital remain actively engaged with Bitcoin , the largest cryptocurrency by market capitalization, as well as the broader crypto market.
“Interest is at an all‑time high,” Hougan, a long‑time Bitcoin bull, added. “That’s a very bullish long‑term signal. I see Bitcoin potentially reaching over $1 million within the next decade, though I’m less certain about when the market will bottom. We’ll have to watch how the four‑year cycle unfolds.”
