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Bitcoin (CRYPTO: BTC) may have already exited its “winter phase,” according to industry experts, who argue it will not dive lower than lows set earlier this year.
Bitcoin Structure Materially Stronger
In an interview with Milk Road Show, Matt Hougan and Ryan Rasmussen said that crypto has not suddenly become risk-free.
Instead, market structure underneath Bitcoin is becoming materially stronger even while macro uncertainty, geopolitical tensions and regulatory delays continue weighing on sentiment.
“I think we can have relatively high confidence that $60,000 was a really fundamental bottom,” Hougan said.
The executives pointed to several long-term trends continuing to strengthen underneath …
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