Bitwise: bull market has begun despite CLARITY Act failure and Fed tightening
- —Dragosch: "We are in a new bull market," the cycle has only just begun
- —In June, long-term holders controlled 14.8M BTC — 74% of supply
- —ETFs and companies at times bought more BTC than the network mined
- —Next themes are Ethereum, stablecoins and asset tokenization
Why it matters: A major asset manager's view sets an institutional narrative: ETF demand and the debasement trade could support BTC and altcoins despite regulatory pressure.
Source: Cryptoast