CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-02-12 18:23:48

Bitcoin Rebounds After Inflation Dip, Matt Hougan Predicts Major Altcoin Opportunity Ahead

The post Bitcoin Rebounds After Inflation Dip, Matt Hougan Predicts Major Altcoin Opportunity Ahead appeared first on Coinpedia Fintech News After a sharp dip to just above $94,000 earlier Wednesday, driven by unexpectedly high U.S. inflation data, Bitcoin (BTC) has managed to recover and climb back to $97,500. The cryptocurrency’s brief decline came in response to the inflation figures, which were stronger than anticipated, sparking concerns in the markets. However, Bitcoin quickly reversed course, showing resilience as it rebounded to a higher price. Besides, during his second day of testimony before Congress, Federal Reserve Chairman Jerome Powell stated that the latest CPI data indicates the central bank is close, but still not quite at its inflation goal. The Striking Contrast Between Investors Recently, Matt Hougan in a note to his clients shared that there’s a striking contrast in crypto between institutional and retail investors. He noted that while Institutional sentiment is the most bullish he has ever seen, however retail investors are feeling hopeless. He noted that retail investors are discouraged because altcoins are underperforming. “Retail crypto loves to speculate on altcoins, and the lack of an “altcoin season” has them depressed,” he shared. Hougan believes that institutions are making the right move. While it’s easy to be optimistic about Bitcoin, with ETFs and corporations already buying over 100,000 BTC this year, he thinks the future for altcoins looks stronger than ever for the long term. Altcoin Boom Soon? Matt Hougan Sees Opportunity While Hougan acknowledged that the altcoin market is more complicated now, with no major new trends like DeFi or ICOs from previous cycles, except for the short-lived “memecoin” boom, however, with clearer regulations, the U.S. focusing on stablecoins, and growing institutional confidence, he believes the industry will bring DeFi to a wider audience. “In a year or two, my guess is that you’re not going to have to squint to see the transformation in altcoins; the impact will be self-evident. And overwhelming,” he noted. “Retail sentiment is bad in crypto right now, and to me, that signals opportunity.”

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.