Galaxy, NYDIG, Standard Chartered Diverge on Bitcoin Bottom; Bitwise Argues Upside Potential Matters More

BTC-1.40%
According to Bitwise Chief Investment Officer Matt Hougan, while three major firms—Galaxy Digital, NYDIG, and Standard Chartered—reached differing conclusions on Bitcoin's cycle bottom, long-term investors should focus on upside potential rather than timing the exact low. Standard Chartered estimated Bitcoin's bottom at approximately $59,000, Galaxy suggested further downside may occur, and NYDIG took a more balanced view citing increasing institutional participation. Despite their divergent near-term forecasts, all three analyses agreed Bitcoin is closer to the end of its current downturn than the beginning and will eventually enter another growth cycle.
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