Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will Rise
November 6, 2025 · 4:00 AM
The crypto market is experiencing a significant downturn, with Bitcoin prices dropping below $102,000 for the first time in five months. Bitwise Chief Investment Officer Matt Hougan attributes this sell-off to panic among retail investors, who he describes as being in a state of "max desperation" after enduring heavy losses. Despite this, institutional investors continue to show confidence, with financial advisors and funds still investing in Bitcoin ETFs.
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