Bitwise executive expects market to hit $1 trillion this year

The market could reach $1 trillion this year, according to Hougan, who joined the San Francisco-based Bitwise Asset Management as Vice President of R&D.

Matt Hougan’s career began with ETFs and evolved into cryptocurrencies. has followed a path. Moved from traditional fund market to crypto market fund manager.

Bitwise’s new manager spoke about cryptocurrencies

Now Hougan is the Vice President of R&D for San Francisco-based Bitwise Asset Management participates as. In his own words, he chose to get involved in this multi-trillion dollar technology that is in its early stages.. Hougan told Bloomberg:. I think this will happen very soon. I wouldn’t be surprised if I finished the year with a cumulative market share of over $1 trillion. But I wouldn’t be surprised if there was a huge drop before reaching that figure.. Because this market is very volatile and constantly in motion, it is a market that you cannot be comfortable with.”

For example, Hougan says that before achieving a combined market value of $ 1 billion, there may be a 50% drop in the crypto money markets and adds:

“The volatility is a fixture in this game. Leading cryptocurrencies have already proven this with their moves in 2018.. It is very important for investors to understand this and the high risk.. That’s why there is potential for high returns in this business.”

Risk and Profit

Bitwise’s new employee shines a bright light on this gloomy day with his perspective as all major cryptocurrencies are on the decline. we can say. Hougan First stated the risks that crypto investors are aware of. He divided these risks into 4 parts as follows:

• Regulators
• Technologies
• Network scaling
• Bad actors

However, being an early investor in cryptocurrencies said it was worth taking the risks amid the potential rewards.

Hougan is no stranger to emerging technologies.. Previously, he entered the field of ETFs, which is an emerging technology that has started to be included in almost every retirement plan in America.

Hougan finally gave the following advice to investors:

“Big coins always have huge upside potential, but that’s not a guaranteed thing.. So instead of making your investments in one coin, reduce your risk by making several coins.”

Ccn