Matt Hougan Says Crypto’s Next Bull Market May Be Slower as Bitcoin Falls 26% This Year

Bitwise Chief Investment Officer Matt Hougan said the next crypto bull market is likely to be slower and less volatile, even as bitcoin is down 26% this year and remains about 50% below its record high. According to NS3.AI, Hougan said Wall Street investors are increasingly focusing on tokenization and artificial intelligence. Hougan’s comments framed the current market backdrop as one in which bitcoin is still well off its peak, while investor attention is shifting toward themes beyond price momentum. He pointed to tokenization and AI as areas drawing more interest from traditional finance participants.