$1.3 Billion A digital asset management company predicts the crypto market will have its largest bull run ever

In a recent interview, Matt Hougan, Chief Investment Officer of Bitwise Asset Management, stated that he is “very positive on the next three years” about crypto markets, predicting they will experience extraordinary growth in the coming years.

During a recent interview on the YouTube channel The Wolf of All Streets, Hougan projected that the upcoming bull cycle in the cryptocurrency market would be the largest regarding user acceptance, market capitalization growth, and other significant indicators.

Although there may be problems along the road, Hougan is certain that market regulation will ultimately be beneficial.

According to Hougan, the drive for the future cycle will be a significant technological breakthrough relating to scalability. This innovation, termed the layer-2 epoch, will make the broad adoption of crypto previously unattainable.

With the cost of transactions on Ethereum and other blockchains expected to decrease, cryptocurrencies will finally be capable of entering the mainstream meaningfully.

Hougan believes this achievement’s excitement is at an all-time high and will fuel the next bull market in the cryptocurrency markets by allowing them to “really enter the mainstream.”

Non-fungible tokens (NFTs), decentralized finance (DeFi), and stablecoins have all been significant breakthroughs in the industry. Still, scalability will be much more critical, with real-world applications surpassing even Bitcoin and Ethereum’s inception.

As reported by CryptoGlobe, the co-founder and CEO of Bitwise Asset Management, Hunter Horsley, has discussed the present status of the cryptocurrency market and indicated that he expects a bull cycle to begin this year.

Notably, CryptoCompare’s most recent Digital Assets Management Review report reveals that cryptocurrency investment products have continued to experience favorable growth in the first few months of 2023, with total assets under management (AUM) reaching a record high of $28.3b billion in February, up 5.25 percent from the previous month, at a time when digital assets continue to outperform traditional investments.

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