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James Hunt

Bitwise CIO Matt Hougan backs DeFi fundamentals as Michael Saylor forecasts bitcoin rebound after crypto winter

Bitwise Chief Investment Officer Matt Hougan told clients in a Tuesday memo that decentralized finance, supported by stronger fundamentals and institutional activity, could help pull the crypto market out of its current downturn. He highlighted governance changes at Aave, heavy usage at Uniswap and new investments from firms such as BlackRock and Apollo as key signals. Strategy Executive Chairman Michael Saylor separately said in a Fox Business interview that the ongoing crypto winter appears milder than prior cycles and argued that growing backing from the banking system supports a coming bitcoin recovery.
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