Matt Hougan’s Prediction: “Bitcoin (BTC) Will Recover, While Memecoin Slumps!”

Jakarta, Pintu News—Matt Hougan, Chief Investment Officer at Bitwise, revealed that the crypto market is experiencing a decline marked by the end of the meme coin era.

Despite Bitcoin’s BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- decline to a three-month low of under $90,000, Hougan remains optimistic that the major digital asset will recover. However, his view on meme coins is not as optimistic.

Check out the full news below!

Meme Coin Setback

According to Hougan, the coin meme craze, which peaked with coins like Official Trump and Official Melania, is now dying down. He predicts that this phenomenon will end in the next six months.

The failure of several meme coin projects, such as the LIBRA scandal, has negatively impacted overall market sentiment. This suggests that the trend for this type of investment is starting to lose its appeal.

This slump affects the price of the meme coin itself and has a domino effect on the entire crypto ecosystem. Hougan emphasizes that losing interest in meme coins could create a general bottleneck for the crypto market. However, he also sees this as a normal cycle in the crypto market’s evolution.

Read also: Bernstein: “Memecoin Crypto Market Will Switch to Tokens with Utilities”, Here’s the Analysis!

Prospects for Bitcoin and Altcoins

Despite the decline in the meme coin market, Hougan remains bullish on Bitcoin (BTC) and several altcoins. He believes that Bitcoin (BTC) will soon recover its value and reach higher prices again.

Factors such as increased institutional adoption and the development of new financial products based on Bitcoin (BTC) are expected to drive this recovery. In addition, Hougan also sees great potential in certain altcoins that can capitalize on the current situation.

With various applications for spot-based exchange-traded products for major cryptocurrencies, this could indicate that altcoins will gain momentum. This suggests an opportunity for investors to capitalize on these volatile market conditions.

Also read: RealNOI Launches Blockchain Platform that Manages Rp9.3 Trillion Worth of Rental Income!

Crypto Market Transformation

Hougan emphasized that despite the decline in certain segments, the crypto market as a whole is transforming. Institutional adoption, the use of stablecoins, tokenization, and the revival of DeFi (Decentralized Finance) are some of the factors that are poised to replace the role of meme coins.

This transformation is expected to bring new stability and growth in the long run. The crypto market is known for its fast cycles and dynamic changes.

Therefore, investors and market observers should stay abreast of the latest developments to capitalize on opportunities. Hougan believes that with the end of the meme coin trend, new innovations will emerge that are more sustainable and profitable for investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Meme Coin Crash Weighing on Crypto, But Bitcoin Will Rebound – Hougan. Accessed on February 26, 2025
• Featured Image: Nairametrics