At the DAS London Summit, Bitwise CIO Matt Hougan emphasized the resilience of the cryptocurrency market despite a recent crash. Hougan noted that professional investors are increasing their crypto allocations from 0% to 3%, with Bitcoin up 23% year-to-date. The summit also underscored the role of nearly $300 billion in stablecoins in driving industry growth and addressed regulatory challenges.
UK MP Nigel Farage expressed intentions to integrate cryptocurrency if elected, while Jito Labs' Rebecca Rettig forecasted no U.S. market structure legislation by 2025. The event highlighted the robustness of DeFi during market downturns and discussed potential future integration with traditional finance.
Bitwise CIO Matt Hougan Highlights Crypto Market Resilience at DAS London
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.