The “fast-moving retail crowd” is one of the reasons Bitcoin is ending the year lower than it started, according to Bitwise CIO Matt Hougan.
Bitcoin may post steady returns over the next ten years, but exceptionally large year-on-year gains are unlikely, according to Bitwise chief investment officer Matt Hougan.
“I think we’re in a 10-year grind upward of strong returns. It’s not spectacular returns, [but] strong returns, lower volatility, some up and down,” Hougan said on CNBC on Friday.
Hougan is sticking with his forecast that 2026 will be a positive year for Bitcoin (BTC), an outlook he first shared in July ahead of Bitcoin’s run to a new all-time high of $125,100 in October. “I think next year will be up,” Hougan said.
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