Coinspeaker
Bitwise Rethinks Bitcoin Strategy amid US Politicians’ Bold Crypto Promises
After several key US politicians endorsed Bitcoin at a recent conference in Nashville, Bitwise Chief Investment Officer Matt Hougan declared:
“We’re not bullish enough.”
Hougan revealed this in his July 31 post, reflecting on promises made by influential figures and prompting him to rethink Bitcoin’s potential.
Among these promises were Donald Trump‘s proposal to establish a strategic national BTC reserve, Wyoming Senator Cynthia Lummis’ announcement of a BTC reserve bill to address the $35 trillion debt, and Robert F. Kennedy Jr.’s commitment to have the US Treasury purchase 500 BTC daily until reaching 4 million.
Hougan commented on the political shift, stating:
“Less than two years ago, FTX was collapsing in a historic fraud, BTC was trading at $17,000, and skeptics were dancing on crypto’s grave. Now politicians are openly talking about building a ‘Bitcoin Fort
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