Meme coin crash weighing on crypto, but Bitcoin will rebound: Hougan

Matt Hougan, director of investments at Asset Manager Bitwise, said that the current slowdown in the cryptography market marks the end of the Boom in the same.

While Bitcoin (BTC) fell to a three -month hollow, diving below $ 90,000, the ILO of the bit believes The flagship digital asset will bounce back. However, it is not as optimistic about coins.

According to Hougan, the frenzy of money of even, seen earlier this year with people like the Trump official and the manager of Melania, approaches his end. He suggests that this could happen in the next six months.

“What the crypto digests at the moment is the end of the same boom. The combination of Melania, the scale and the Lazare group using the same to whiten the stolen ethn will kill him dead. Maybe not today, but in the 6 months, “he posted on X.

The cryptography market has just seen More than $ 1.5 billion suffered Announced liquidation 24 hours a day, with memes parts among the hardest shot.

Dogecoin (DOGE), Pepe (Pepper), and Trump (ASSET) fell by more than 14% each. Melania was down more than 25%.

Hougan, who has already predicted that Bitcoin could Break his four -year cycle In the midst of strategic regulatory and reserve developments, suggests that the negative feeling surrounding the currency coins leads to the market. However, it remains optimistic about Bitcoin, Stablecoins and Tokenization. He also thinks that decentralized finance could undergo a revival.

Forcing a bullish tone in his tweet, Hougan said:

“The good news is that there are already things ready to replace it, in particular the institutional adoption of Bitcoin, Stablecoins, Tokenization and a Renaissance in Defi. But until they start to make their presence feel, the loss of energy will create a trail on the market. »»

Despite this, the executive Bitwise recognizes that the feeling of the market remains largely negative, citing recent scandals of coins such as the balance as a contributing factor.

However, it remains optimistic about Altcoins.

In early February of this year, Hougan note In a customer report, the crypto presents an opportunity in the midst of projections for upward institutional adoption and the notable decrease in retail. He suggested that altcoins could benefit from this environment, especially since the major cryptocurrencies see a wave of funds negotiated on the stock market.