Next bull run will be slower, less volatile as investors' crypto appetite evolves, Bitwise CIO says (opens original article in a new tab)

Bitwise CIO Matt Hougan predicts a slower, less volatile crypto bull run as institutional investors shift focus to real-world applications like tokenization and AI, while maintaining a $1 million bitcoin price forecast within 10 years. Institutional interest in bitcoin remains strong despite its 50% drop from all-time highs, and stablecoins are gaining traction with a record $322 billion market cap.

• Bitwise CIO Matt Hougan predicts slower and less volatile crypto bull run due to focus on real-world applications
• Institutional interest in bitcoin remains strong despite price drop
• Stablecoins and tokenization are gaining more investor interest than pure digital assets
• Citi projects stablecoins could reach $4 trillion by 2030
• Hougan maintains $1 million bitcoin price forecast within 10 years
• Crypto market remains 50% below all-time high with broader market gauge down 34%