Bitcoin has surged past US$100k, but Bitwise CIO Matt Hougan says it’s not too late to start investing.
Despite significant price gains in recent years, mainstream scepticism remains, with companies like Microsoft cautious about adding Bitcoin to their balance sheets.
Hougan emphasises that most investors still have no Bitcoin exposure, suggesting those entering now are still early.
He advocates HODLing over trying to time the market, noting long-term gains even after major pullbacks.
With Bitcoin shooting past the US$100k mark recently and setting a new all-time high at US$103,900 (AU$162,889) you may be wondering if now is too late to allocate more into BTC or even get started if you have zero BTC.
The short answer, according to Bitwise Chief Investment Officer (CIO) Matt Hougan, is no – it’s not too late to get started with BTC.
Just ask Michael Saylor, who has been on a buying spree with his “Bitcoin-company”, Tysons Corner, Virginia-based MicroStrategy (MSTR). MSTR added billions of dollars’ worth of Bitcoin to their holdings, despite the OG crypto reaching dizzying highs.
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