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The chief investment officer of Bitwise Asset Management argued that investors focused on when bitcoin ($BTC) will bottom are asking the wrong question, according to a report by The Block.
The executive shifted the frame toward what the firm views as structural, long-term forces shaping the asset's trajectory.
The Argument Against Bottom-Hunting The Bitwise CIO's position challenges a dominant preoccupation in crypto markets: timing a cycle low.
By calling that question the wrong one, the executive implicitly argued that short-term price discovery matters less than the underlying demand dynamics that the firm believes will drive bitcoin over a longer horizon.
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